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.
WeWork coverage from Thesis Driven. Reporting covers what broke the model, venture capital applied to a real estate operating business, master leases against management contracts, the concentration risk that repriced flexible office for every operator, the bankruptcy and what survived it, and what Yardi did with the platform after acquiring it.
With WeWork sputtering and venture dollars gone, things may look dire. But the macro landscape for managed office is perhaps the best it has ever been. Where is the sector headed?
