GlobeSt Perspectives Podcast

Last year, the debt markets were defined by increased interest rates and limited capital availability—but it seems the tide is changing. In 2024, multifamily investors can look forward to an improvement in interest rates, particularly in the second half of the year, and increased liquidity, according to Hilary Provinse, EVP - Production and Capital Markets at Berkadia. In this latest episode of th...

With an excess of underutilized office buildings and demand for housing, many believe the path to addressing both problems can come with repositioning commercial space into residential. According to Marc Kotler, president of the New Development Group at FirstService Residential New York, not all projects are the same.   Kotler spoke with Kelsi Maree Borland in this episode of the 2023 Multifamily...

Affordable housing stakeholders are facing severe challenges financing deals, both for new construction and preservation. High interest rates have increased the return requirements for equity investors and significantly increased the cost of debt. It's one challenge of many for affordable housing projects, say Stacie Nekus and Kyle Kolesar from KeyBank 's Community Development Lending and Investme...

Economic headwinds and narrow margins are pushing industrial investment capital into secondary and tertiary cities, if they're investing at all.   Today, industrial investors are navigating through difficult market conditions. For many, this is the first time that the e-commerce-driven industrial segment has faced economic headwinds and required a more conservative strategy. Christopher Galiano, m...

Market downturn pressures hit commercial brokerages hard: from reduced deals and revenue drops to job cuts. . SVN International, however, views the market slowdown as a time for the opportunity to invest internally and retool for the upswing. In the latest episode of Thought Leadership podcast series, SVN International's new leadership—CEO Xavier Mufraggi and president Tim Spillane—talk about the...

The combination of a regional banking crisis and rising interest rates has offered investors plenty of reason to lie awake at night—but  KeyBank  has a strategy to quelle those anxieties. In this episode of GlobeSt.'s Thought Leadership podcast series,  Al Beaumariage , SVP and affordable housing program manager at KeyBank, and  Cathy Danigelis , Western Region manager at KeyBank, discuss how mind...

Multifamily investors took a pause at the end of 2022 after a turbulent year with seven staggering consecutive interest rate increases. Although demand dynamics remain positive, multifamily investors have had to quickly adjust to the higher cost of capital, which has driven a wide buyer-seller gap. Arthur Milston, senior managing director at NAI Global Capital Markets, and John Rutherford, SVP of...

The single-family housing rental (SFR) market quickly became a commercial real estate investment darling over the last few years. And as housing costs increased more than 13% last year , and mortgage rates are now keeping more potential buyers in rentals, demand from growing millennial families looking for spacious homes in quality neighborhoods is feeding the attention. But with the added attenti...

With a threefold rise in natural disasters, weighing the increasing threat is becoming a necessary component to protecting an asset portfolio. Today, natural disasters occur three times more often than they did 50 years ago. The ubiquity of severe weather-related events has highlighted the urgency for multifamily investors to assess climate risk as part of standard due diligence when purchasing an...

This year, the Federal Reserve has increased interest rates six times, and it has signaled that more rate hikes are on the horizon. The higher cost of capital is sure to put a damper on affordable housing investment, just as the market was gaining momentum and investor interest. In this episode of GlobeSt.com's Thought Leadership podcast series, Robert Likes, the president of the national affordab...

In the last 12 months, multifamily investors have been plucking up opportunities far and wide, driving a historic surge in deal volume. The transaction activity has put pressure on valuation experts to keep up with unyielding demand. Meghan Czechowski, SVP and the head of Apprise by Walker & Dunlop, says the activity is extending appraisal timelines from two to three weeks to four to six weeks. Bu...

With the right advisory team, multifamily investors can have it all: a swift transaction timeline and risk mitigation.  Multifamily transactions in 2022 are a great balancing act. With sector volumes up 54% and sales volumes totaling $381 billion in the third quarter alone, it's made some investors offer expedited transaction timelines and limited contingency periods in an effort to secure the bid...

In the last few years, built-to-rent has become one of the most desirable property types in commercial real estate, with significant new entry into the market and some $40 billion of capital primed to support new development over the next 18 months. Despite the increased competition, investor fervor has not waned. Rather, industry players remain bullish on the housing niche with a positive outlook...

Affordable housing expert Celia Smoot discusses her move to KeyBank and the future of affordable housing in this podcast episode. In 2021, KeyBank was the second largest affordable housing lender in the nation, providing a variety of financing solutions to affordable owners and developers with projects in all 50 states. Their secret? A carefully curated team of industry experts intent on moving th...

COVID has forced the issue on digital transformation in the workplace. Steve Van Till, Founder and CEO of Brivo, explains how cloud-based security tools help enable that transformation. When the world changed in 2020, the workplace changed with it – to an age of remote and hybrid work arrangements and flexible working schedules. Security and accessibility while also drawing insights became paramou...