We Study Billionaires - The Investor’s Podcast Network TIP309: Real Estate & COVID-19 w/ Ian Formigle (Business Podcast)
Aug 8, 2020
Ian Formigle, Chief Investment Officer at CrowdStreet with 24 years of real estate experience, discusses the profound changes COVID-19 has brought to the commercial real estate market. He highlights how different asset classes fared, the resilience of multifamily properties, and evolving office space dynamics due to remote work. Formigle shares insights on spotting value in niche markets and adapting to new consumer behaviors. He emphasizes strategic decision-making for investors navigating the post-pandemic landscape.
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Real Estate and Pandemic Impacts
- Commercial real estate performance in 2020 varies greatly by asset class, correlating with pandemic impacts.
- Demand, both current and future, remains the underlying driver of real estate value.
Economic Outlook and Real Estate
- The pandemic's lasting damage suggests further economic downside before a meaningful recovery.
- Real estate investment now focuses on navigating short-term challenges for mid-term profits.
Data-Driven Investment Decisions
- Pay attention to trends in metrics like hotel occupancy data to inform investment decisions.
- Use data to make better decisions, like assessing hotel industry recovery and needed operating reserves.
