New home sales totaled 478,221 on a seasonally adjusted annualized rate in November, down 10.6% from the prior month and 35.9% lower than sales a year ago.

Firm cuts its single-family rental and industrial estimates for next year.

Stabilized, well-positioned assets are magnets for investors, but rising costs squeeze operators' margins.

The focus will be on investment sales, programmatic joint-venture equity placement and debt and structured finance.