CRE Analyst Quick Hits (5/31/24)
Welcome to Quick Hits, a weekly roundup of commercial real estate news and CRE Analyst updates for our alumni and network...
Headlines
The trends and stories we've been following...
Distress vs. Blackstone dry powder
Blackstone could buy nearly all of the CRE distress. Is that good or bad? See more here.
TPG throws in the towel on C&W?
TPG aggregated brokerages a few years ago, took them public under the C&W flag, and stood to get a windfall if C&W's stock price appreciated. It didn't, and TPG finally threw in the towel. More here.
A REIT morphs into an investment manager
DigitalBridge manages about $80 billion and is betting the future of the firm on a pivot from capital-intensive ownership to capital-light investment management. ...all focused on data centers, towers, and infrastructure. Will it work? Full post here.
AAA bonds aren't so bulletproof
AAA CMBS bondholders took a loss last week, which raised the eyebrows of many industry pundits. More of this to come? More here.
The sources of CRE capital
ARES recently provided a simple, yet insightful overview of the sources of real estate capital. See more here.
A CRE investment manager's guidance
A leading consultant recently advised a large pension fund on its real estate investment strategy. See what they said here.
Alumni Grapevine
Congrats to Alex Brown , a FastTrack Alumnus, on his new role as an Analyst at OWS Real Estate Finance, LLC !
Congrats to Jenkins Bender , a FastTrack team leader/alumna and development associate at Stream Realty Partners , and Tatum Meeks , a FastTrack Alumna and development analyst at Stream Realty Partners , on completion of The QUAD in Uptown Dallas, a 345,425 SF office tower with adjacent retail.
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