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Insights

Friday Market Recap

Weekly Assessment of Global Real Estate Trends

SRC Chairman and CEO

In the U.S.: With a hawkish sense Cleveland Federal Reserve President Loretta Mester said “I have a bit stronger growth forecast than some–personal incomes rising; labor market and confidence good–I don’t subscribe to a wait and see attitude on rates”. President Trump fired FBI director James Comey. In prepared remarks Mr. Trump said “while I greatly appreciate you informing

Puerto Rico Municipal Bankruptcy

In the U.S.: April Nonfarm payrolls increased 211K versus March’s downwardly revised 79K increase. The Unemployment rate declined to 4.4% marking the lowest level since May 2007. The strong payrolls reading helped prove that March’s disappointing reading was likely heavily impacted by Winter Storm Stella. The House passed an Obamacare replacement bill by a thin margin (217-213) sending the

Trump Poll by WSJ/NBC

In the U.S.: According to a poll done by WSJ/NBC 40% approve of the job President Trump is doing while 54% disapprove. The 14% gap is up from 4% in February.  President Trump enters his 4th month with a lower approval rating at this period than the previous 11 Presidents. During its 85th anniversary North Korea conducted live-fire drills

Featured Global Market Reports

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

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

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. 

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

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

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

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

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

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