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Understanding the CRE Distressed Landscape and Where Opportunities May Appear

RealtyMogul's Podcast

Release Date: 02/09/2021

Kathy Fettke: CEO of Real Wealth | The Power of Mentorship show art Kathy Fettke: CEO of Real Wealth | The Power of Mentorship

RealtyMogul's Podcast

Kathy Fettke, host of "The Real Wealth Show," interviews successful real estate investors to share their secrets. She also hosts the Real Estate News podcast and is the author of the bestseller, "Retire Rich with Rentals.”. She is a real estate developer, fund manager, and educator. She is a regular guest expert on FOX News, CNN, CNBC, Bloomberg, NPR, CBS MarketWatch, and the Wall Street Journal, and was named among the “Top 100 Most Intriguing Entrepreneurs” by Goldman Sachs two years in a row. Kathy and her husband, Rich, are active real estate investors in single-family homes,...

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Christopher Rising: CEO of Rising Realty Partners | Future Predictions for Office and Industrial Real Estate  show art Christopher Rising: CEO of Rising Realty Partners | Future Predictions for Office and Industrial Real Estate

RealtyMogul's Podcast

Chris joins me on the Realty Mogul podcast to share his insights into sourcing great acquisitions in office and industrial real estate and why he is passionate about leveraging technology in the sector. He discusses what he loves about the industrial space and why Rising Realty made the leap from office to industrial. Chris also dives into his post-COVID-19 predictions for office real estate, his belief that they will become hubs for teams as opposed to rows of cubicles.

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Dave Eisenberg: Founder of Zigg Capital | The Future of “Prop Tech”  show art Dave Eisenberg: Founder of Zigg Capital | The Future of “Prop Tech”

RealtyMogul's Podcast

Dave joins me on the Realty Mogul podcast to talk about what Zigg Capital is, what they’re doing, their core focus, and why they are exclusively looking for technology-based businesses. He also educates us on the different buckets that PropTech investments fall into, from Software as a Service (SaaS) to transaction platforms and hardware companies. Dave also describes just how much net new activity there is in the broader PropTech ecosystem and shares the PropTech niches he is most excited to see develop.

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Larry Bond: Co-Founder of Bond Companies show art Larry Bond: Co-Founder of Bond Companies

RealtyMogul's Podcast

Larry joins the Realty Mogul podcast to discuss how Bond Companies acquire the land for their developments, the attributes they are looking for, and how they take their first steps with a project. He shares how the company determines the best use for locations in terms of choosing to build mixed-use, multifamily housing, or multi-family with retail or office space. Bond Companies was founded in 1987 and since then has won many prestigious real estate industry awards.

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Reed Goossens: Real Estate Entrepreneur |10,000 Miles to the American Dream show art Reed Goossens: Real Estate Entrepreneur |10,000 Miles to the American Dream

RealtyMogul's Podcast

Reed joins Jilliene on the show to share the details of his portfolio, his investment thesis, and the assets he’s currently investing in. He gives listeners insights into the mindset required to overcome your fears, the importance of taking action, and the habits that he practices to keep him on track to achieve his goals. Reed also shares what he is doing in his underwriting to mitigate climate change issues in his assets.

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Kathy Corton: CEO of Hillcrest Finance | Investing in Debt in 2021 and Expectations for 2022 show art Kathy Corton: CEO of Hillcrest Finance | Investing in Debt in 2021 and Expectations for 2022

RealtyMogul's Podcast

Kathy joins Jilliene on the Mogul Insights podcast to discuss how she got into the real estate business and to tell the inception story of Hillcrest Finance. In addition, she shares her views on the competitive market today for lending and debt in general terms, compared to when Hillcrest Finance was founded in 2013. Kathy also gives her insight into the challenges and opportunities that she sees on the horizon, both for the real estate industry as a whole and specifically for the debt world.

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Lessons Learned from Common: The Largest Property Manager for Co-Living and How it Applies to Traditional Multifamily show art Lessons Learned from Common: The Largest Property Manager for Co-Living and How it Applies to Traditional Multifamily

RealtyMogul's Podcast

Brad joins us on the Mogul Insights podcast to share how Common creates consistency of experience given their desire to create a residential brand that was both affordable and had an upscale design aesthetic. He discusses Common’s pre-COVID-19 decision to expand the firm from only managing co-living, into also managing traditional multifamily, describes what drove that strategic decision and outlines Common’s direction for the future.

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Chris Aiello: The State of Co-Living and Expectations for a Post Pandemic World  show art Chris Aiello: The State of Co-Living and Expectations for a Post Pandemic World

RealtyMogul's Podcast

Chris Aiello is the Co-founder and current board member of Six Peak Capital, a real estate private equity firm solely focused on developing environments that change the way we live, work, sleep, and interact with our world. He leads all Los Angeles Sourcing, Acquisitions, Underwriting, Capital Markets, and Development at Six Peak Capital. Chris is also the former Chief Financial Officer and Head of Real Estate Acquisitions & Investments at Pan Brothers Associates.

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John Sebree: Senior Vice President and National Director of Marcus & Millichap's Multi-Housing Division show art John Sebree: Senior Vice President and National Director of Marcus & Millichap's Multi-Housing Division

RealtyMogul's Podcast

Today on the Mogul Insights podcast, John Sebree and Jilliene Helman discuss the data supporting John’s opinion that multifamily has performed consistently and steadily over the past few months. He shares his insights into what’s happening in multifamily real estate nationally and why some areas are becoming more attractive to investors while others drop in popularity. John also dives into the impact of rising rates on multifamily and whether he feels that we will see yield compression in the near futur

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Jared Morgan: Investing in Industrial, Retail, and Medical Triple Net in the heart of the Pandemic show art Jared Morgan: Investing in Industrial, Retail, and Medical Triple Net in the heart of the Pandemic

RealtyMogul's Podcast

Jared Morgan has served as Senior Vice President, Head of Acquisitions at Four Springs Capital Trust in Maryland since August 2016. He supports the real state investment trust in acquiring and managing a diversified portfolio of single-tenant income-producing commercial properties. Jared has 27 years of real estate underwriting acquisitions and dispositions experience, with over 15 years of experience in the net lease sector.

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Manus Clancy, Senior Managing Director at Trepp, spearheads the development of Commercial mortgage-backed securities (CMBS) research and commentary at the company. He established Trepp as a pioneer in offering critical information for the daily workflow of the CMBS and Commercial Real Estate (CRE) finance industries, and his expertise has won Trepp a reputation of dependability that stretches all the way up to the US Federal Reserve. Manus has served on the US and UK Investor Reporting Package Committees of the Commercial Mortgage Securities Association and is often quoted on financial matters in the Wall Street Journal and New York Times in addition to his articles written for The Handbook of Commercial Mortgage Backed Securities and Whole Loan CMOS.

 

Listen to the conversation between Realty Mogul’s CEO, Jilliene Helman, and Manus Clancy that focuses on where the opportunities will lie in this unusual climate and on understanding what distress looks like in the CRE markets. Manus shares his thoughts on where the CRE hotspots lie and how they perform in relation to non-hotspots and when he sees the tipping point into distress happening. They also discuss the changing patterns of household formation and the impact of COVID-19 on lease renewal that Trepp sees in their current research.

 

“Markets that have done well attracting tech companies will continue to survive; they continue to gobble up space in epic proportion, not only for office but for multi family and retail.” - Manus Clancy

 

This week on The Reality Mogul Podcast:

  • The effect of the federal stimulus on rents
  • Which multi-family markets Manus is optimistic and pessimistic about
  • Effect of remote working on multi-family markets
  • Data and news from the retail markets
  • What the numbers look like in the hospitality sector
  • Asset classes poised to do well that Manus is excited about and why
  • Manus' observations on the commercial CRE collateralized loan obligation market
  • The CNBS market - how the markets works and what Manus is seeing currently
  • Manus' predictions for the economy going forward

 

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