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Retail Isn't Overdeveloped, It's Just Overdeveloped
In 2015, malls were the most valuable asset class in the U.S., according to S&P Global Market Intelligence. The market isn't really there yet to provide new capital to go out and provide new construction on retail real estate,. But now we're actually starting to absorb it again. And so it's possible that it might become economically feasible to create it again.
Trey brings back TIP fan favorite, Mr. Ian Formigle. Together they discuss the future of office and retail, the risks of capital calls in a downward market, and much more.
Ian is the Chief Investment Officer of Crowdstreet and our go-to expert on all things real estate, especially commercial real estate.
IN THIS EPISODE, YOU'LL LEARN:
00:00 - Intro
08:32 - Ian’s outlook for 2023, especially as it pertains to the risks surrounding bank failures and other illiquidity issues.
15:01 - How interest rates and cap rates affect one another.
18:58 - Which asset class has the most upside opportunity at the moment and which strategies will be most optimal.
35:05 - Ian’s predictions on the future of office and retail.
01:18:35 - The risks of capital calls, especially in a downward market.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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