UK Commercial Real Estate requires yesterday's certainty, not the Democrat's 2024 policies.

Combining Commercial Real Estate and Politics is always a highly challenging topic. Engaging with it risks revealing the strongest of human biases and deep-seated prejudices. But all is fair and square when it comes to the ballot box. Even if Channel 4 and Emily Maitlis prefer to call it "bat&@￡$" crazy...

Today, the editor of the UK leading property publication known as Estates Gazette or Estates Gazette suggests to its subscribers and domestic & global followers that the USA has just voted for chaos. It may sound cool, socially on trend, in vogue and whatnot, but:

Perhaps we should be mindful calling out friends in Pennsylvania or other US States as wilfully voting for chaos. It's also potentially offensive to many male Latinos who came out in force in Florida and other territories to exercise their freedom to vote – the ballot box used to be considered as an excellent form of societal collaboration rather than picking up Latin-styled machetes.

Overall, this historical, rare and decisive US election result is far better than a Bush-style recount with endless months of fighting through the courts.... remember 'the win' by 537 votes? Surely yesterday provides a degree of certainty that many will prefer for the UK Commercial Real Estate industry.

We do well to remember that many of our Commercial Real Estate Capital Markets' 'movers and shakers' (e.g. the Nuveen, a TIAA company s, the Tishman Speyer s , the Greystars, the Blackstones, the BlackRocks, the Tristan Capital Partners founder types, elderly care home operators like Meadow Partners , the gutsy new start-ups like Firethorn Trust) are often American in spirit and providence. The resulting US capital flows indeed flow into the UK far more smoothly when they have certainty, not home-grown chaos. Discounted Cash Flows are easier to project, investment plans are more easily executed, &tc.

From a UK editorial perspective, perhaps a serious hard look should be on the domestic issues at hand: per Financial Times our UK Foreign Secretary –one of the highest offices of state– has previously called out the 'leader of the free world' with a 'Nazi jibe'. This situation was entirely avoidable were it not for narrow-minded UK tribal politics at the highest of governmental levels:

Our Prime Minister chose to promote the man and turn a blind eye to his extraordinary, aggressive and alpha-male remarks that were widely expected to introduce a degree of chaos into international relations. Where do we find the modern female opinion and perspective on this atrocious male behaviour...?

Well Kemi Badenoch attempted to draw people's attention to the student-level of UK politics yesterday. The Government makes the management of our leading trade partner exceedingly difficult... even chaotic. The usual level of US goodwill is not currently on the table and this is due to UK homegrown chaos, not stateside chaos.

Many leading UK Commercial Real Estate influencers are fundamentally good American patriots ????. They return for Thanksgiving this month without hesitation to be with their hard-working families after lengthy sacrifices abroad themselves. Let's not tarnish a large potential segment just because we may not agree with a political decision that can also suit their families.

The problem may be that we forget what matters to the Commercial Real Estate community. In simple terms, who was more likely to destroy lucrative carried interest from real estate transactions which puts salaries, food and even magazine subscriptions on the table? Who had their sights on discouraging private profits that otherwise lead to far more deal-making for UK surveyors, funds, PR agencies, JV partners and lawyers?

Go on... give a guess.... Trump or Harris?

Northern Trust can help us out here: https://lnkd.in/ePWPsg79FT: https://lnkd.in/eyHEWKeW).