The carry trade is dead, and capital is moving to whoever can manufacture cash flow. Takeaways from a day with more than 250 investors and operators in emerging real estate.
Private wealth has passed the institutional market, and most sponsors have no idea how to reach it. A workshop on raising from family offices and RIAs.
Cap rates and real estate valuation. Thesis Driven covers what a cap rate does and does not measure, yield on cost against cap rate, exit cap assumptions and where projections break, pricing novel and emerging asset classes with no comparable set, appraisal in thin transaction markets, and the data and comp selection behind a defensible valuation.
With volatile prices and fewer transactions, appraisal is more difficult - and more important - than ever. What does this mean for real estate operators?
