The Fort

#323 - Nancy Lashine - Founder @ Park Madison Partners - Cycles, Crises, and Capital: Navigating The New Normal in Real Estate

9 snips
Dec 5, 2023
In this episode, Nancy Lashine, founder of Park Madison Partners, discusses various topics including capital markets, capital allocation, development valuations, fundraising structures, and wisdom for first-time fund pursuers.
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INSIGHT

Real Estate Depression

  • Commercial real estate is currently in a depression, impacted by macroeconomic factors and secular changes in real estate usage.
  • Appraisals are a crucial aspect, as they influence the valuation of large real estate portfolios held by institutions.
INSIGHT

Long Real Estate Cycle

  • The current real estate cycle will be longer than anticipated, primarily due to the slow revaluation of the asset class.
  • The speed of recovery depends on interest rates and the overall economy.
INSIGHT

Market Repricing Catalysts

  • Maturing debt and major transactions will be the catalysts for market repricing.
  • Banks might take back assets, but they generally prefer to avoid this.
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