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Insights

Friday Market Recap

Weekly Assessment of Global Real Estate Trends

Disappointing Flash PMI Readings

In the U.S.: Flash Markit manufacturing PMI fell to 52.8 from March’s 53.3 reading, while the services PMI reading fell to 52.5 from March’s 52.8 reading. The disappointing flash PMI readings were primarily due to the weakest rise in payrolls since February 2010 and the softer pace of hiring . The Trump administration is looking to bring a new

UK Property and Rent Values Continue to Grow

In the U.S.: In an interview with the Wall Street Journal, President Trump stated that the USD was getting too strong, he expressed a desire for the Fed to keep rates low, and hinted at nominating Fed Chair Janet Yellen to another term. The last statement ran contrary to previous statements Mr. Trump had made where he stated that

REIT Management Changes

In the U.S.: March nonfarm payrolls increased 98K versus the 180K consensus estimate and February’s revised 219K reading. Economists noted that winter weather played a role in the disappointing result and that a downturn in payroll growth was to be expected as the recent gains in payrolls was unsustainable. President Trump ordered a targeted military strike on Al Shayrat

Featured Global Market Reports

Browse finance headlines from around the globe we’re keeping an eye on

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The Benefits of Global Investing

With 2013 behind us, it is worth noting that Europe was the top performing global region within the FTSE EPRA/NAREIT Developed Index. Europe’s total return greatly exceeded those of Asia and North America, for dollar denominated investors, although Asia was the best performing region on a local currency basis. Europe’s strong performance comes on the heels of a good
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Mexico: The Rise of Fibra

We conducted three days of due diligence on the nascent REIT industry in Mexico (two days in Mexico City and one in Monterrey), our itinerary filled with back-to-back meeting with management teams of five of the seven exiting Mexican REITs, called Fideicomisos de Infrastructura y Bienes Raices or Fibras for short. Our discoveries: Mexico is experiencing a manufacturing renaissance. 
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A Greek Tragedy…or is it a Comedy?

A Greek Tragedy… or is it a Comedy? Clearly, it is a little of both. As the new Greek government fails to form a coalition, the entire “progress” of the Troika’s (IMF/ECB/EC – and Germany) negotiations reverts back to uncertainty and talk of a Greek exit from the Euro. It is comical that Greece can hold the entire Eurozone
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UK CEO Panel Talks London Market

Our European analyst recently attended the BAML UK Real Estate conference in London.  One of the panel discussions involved five CEOs of prominent UK REITs talking about the state of the London real estate market.  The panelists were John Burns (DerwentLondon), Chris Grigg (BritishLand), David Atkins (Hammerson), David Fischel (Capital Shopping Centers), and now retired Francis Salway (Land Securities).

Domestic & Capital Market Insights

What’s happening at home, outlooks & reviews

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1Q17 Capital Market Outlook

There are a number of mitigating factors keeping a lid on the 10-Year Treasury Note yield: “monetary offset,” global yield differentials and the possibility that Trumpflation may disappoint in actuality. Thus far, the legislative accomplishments of President Trump and a unified Congress have been underwhelming. After demonizing Obamacare for the past seven years, Speaker Ryan and the Republican House
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1Q17 Capital Market Review

Not surprisingly, politics dominated the start to the New Year. The optimism that permeated the investment/corporate community after the election of Donald J. Trump managed to survive (i) an ill-fated immigration ban, (ii) a half-assed attempt to “repeal and replace” the Affordable Care Act and (iii) a never-ending investigation into the potential collusion between members of the victorious Trump
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4Q16 Capital Market Outlook

Reviewing the returns of the various property types in the Index subsequent to the election, it is clear that the duration of the lease term was the most important factor in determining the relative winners and loser. However, there is a ceiling to the reflation trade for even the most ardent fan of Donald Trump and a unified Republican
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4Q16 Capital Market Review

A Huge Win for the Donald. 2016 has turned out to be annus horribilis for establishment politics and politicians as well as pollsters who have repeatedly underestimated global populist discontent, which discontent found an unlikely champion in the US in a billionaire prone to tweeting late into the night. Perhaps even more unexpected than the election results was the