Capital markets advisor arranging debt & equity for CRE Owners across the country. Managing Director for IPA in Palo Alto, CA.
Mar 23, 2024 • 8 tweets • 3 min read
PGIM Real Estate published a report two days ago called, "U.S. CRE Debt: Why the Funding Gap may be Larger than we Think". Here's a short thread sharing the key take-aways and corresponding graphs.
The amount of loan maturities in 2024 was originally expected to be $659 billion, but that has increased 41% to $929 billion due to 2023 loan extensions.
Nov 1, 2023 • 12 tweets • 5 min read
Buying office buildings in SF is currently one of the best investment opportunities in the country.
Here's a quick thread showing the notable office buildings that have sold this year compared to their prior price, as well as the deals currently under contract and for sale.
Sold: 123 Townsend Street (across from Giants stadium)
- 138K SF
- 73% occupied by PayPal until September 2029.
- Rubicon Point purchased it in October for $72M ($526 PSF), which is a 49% discount from the price CBREI paid in July 2020.
- CBREI offered seller financing.
Sep 16, 2023 • 8 tweets • 2 min read
BofA just sent their institutional clients a 27-paged document highlighting the intel shared at their CRE conference this week.
Here's a thread going through the 6 key takeaways.
1) The FDIC announced they're partnering with Newmark to sell Signature Bank's $33 billion loan portfolio. The majority of the loans are secured by NYC multifamily properties.
The FDIC expects all marketing and dispositions to conclude within three months.
