Betting on Interest Rates
How long do we really think interest rates will stay down? Its probably the most important question facing real estate players today. Low interest rates have allowed many borrowers to sidestep default or foreclosure and enabled refinancing at lower rates than original mortgages. In fact, low rates have allowed the industry to steer mostly clear of the cliff of hundreds of billions of dollars of commercial mortgages refinancing in an environment where many borrowers struggle with balances at or above property values. Simply, they have prevented a debacle.
NEW YORK CITY—Think every asset type in the net lease sector has been picked over? Then consider the strip center. While it might lease to multiple tenants,…
OAK BROOK, IL—There’s a healthy and hearty retail landscape between the two coasts, and Inland Acquisitions is making the most of it.
WASHINGTON, DC—The Bureau of Labor Statistics report for November continued a trend of slower gains in employment compared to 2015, when job growth averaged 229,000 positions per month.
MEMPHIS—The combined company will trade under the existing MAA ticker symbol and have a total market cap of approximately $15 billion.