Longer-form thinking on where the market goes.
1,468 white papers
showing 1,381–1,440 of 1,468
Scott Crowe of RXR talks about the "less obvious bull market" currently unfolding in one of the most overlooked sectors: New York City office. The post NYC Office Recovery: Repricing Physical Infrastructure in the Age of AI appeared first on AFIRE .
Donal Warde, Richard Cadena and Wenpeng Ding discuss how supply, inventory, and long-term demand drivers are elevating the NYC rental market. The post The Complexity Premium: Leveraging the Alpha Opportunity in Regulated Gateway Cities appeared first on AFIRE .
Stewart Rubin and Marshall Swett of New York Life Real Estate Investors explores how tariffs they could signal a fundamental departure from the longstanding US commitments. The post Trade Winds Redrawn: US Tariffs and Commercial Real Estate appeared first on AFIRE .
RCLCO Fund Advisors suggests that the supply response taking shape for data centers calls for more measured analysis. The post The Data Center Pipeline: Is it a Boom, or a Bubble? appeared first on AFIRE .
The CEO Perspective, by Michael Brooks March 17, 2026 Decarbonization Depends on Clean, Available Power When does sustainability policy run into energy policy? The answer is increasingly clear, when the decarbonization pathway for buildings in Canada depends on electrification, and […] The post When Sustainability…
The CEO Perspective, by Michael Brooks March 11, 2026 Spring Economic Statement: Industry Priorities Each year, I try to speak to at least half of our Executive Members to understand, up to the moment, what’s going on in their business, […] The post Spring Economic Statement: Industry Priorities appeared first on…
The CEO Perspective, by Michael Brooks March 2, 2026 Montréal 2026: A Global Moment for Energy Efficiency Canada’s commercial buildings sector will have a seat at the table this summer as the International Energy Agency (IEA) convenes its 11th Annual Global […] The post Decarbonizing Commercial Buildings at Scale:…
The CEO Perspective, by Michael Brooks January 21, 2026 I spent much of my downtime over the holidays catching up on the myriad reports released by various government, not-for-profit, and for-profit entities that describe Canada’s housing challenges. The language that […] The post Re-Assessing the Housing Problem…
Lument CEO Jim Flynn discusses the impact of geopolitical uncertainty, interest rates, and economic growth on the multifamily market outlook. The post A More Disciplined Market Creates New Opportunities in Multifamily appeared first on Lument .
Tips and best practices on the HUD Express Lane. The post Unlocking Momentum: New Advantages Emerging Across HUD’s Section 232 LEAN Program appeared first on Lument .
The U.S. economy still looks resilient, but slowing consumer demand and uneven job growth could limit future rate cuts. The post Weekly Trading Desk Talk – Can You Take Me Higher? appeared first on Lument .
The forces driving multifamily demand at the beginning of the year will continue to underpin the market. The post Why Geopolitical Risk May Delay — but Not Derail — Multifamily Growth appeared first on Lument .
Bringing care and therapy services into communities reaps benefits. The post Seniors Housing and Care’s New Era: The Virtuous Cycle of Better Care appeared first on Lument .
We examine healthcare job growth and the Treasury market reaction. The post Weekly Trading Desk Talk – Bad Case of Loving You appeared first on Lument .
Toys and collectibles are injecting serious life into American retail, fueling demand from Gen X to anxiety-fueled Gen Z. The best collectible brands have borrowed a page from the luxury playbook: manufacturing desire through scarcity. Limited drops, short windows, and low production runs turn an ordinary gadget or…
Education real estate has become increasingly complex, shaped by shifting enrollment, funding constraints, changing demographics, and growing scrutiny of traditional education models. In this Q&A, Todd Noel, Vice Chair, sits down with Anjee Solanki, National Director of Retail and Practice Groups | U.S., to discuss…
For years, low-cost capital made it easier to build, acquire, and expand across healthcare real estate. That environment has shifted. In today’s higher-rate environment, commercial real estate is still working through a pricing reset, with research noting that cap rates may face further upward pressure if interest…
The 2026 Colliers Logistics & Transportation (L&T) Supply Chain Conference brought industry leaders from across North America together in Huntington Beach, CA. The energy and sentiment of the conference-goers proved to be in sync with the breezy California beach conditions. After a stretch defined by rapid…
The ICSC Las Vegas 2026 convention brought together more than 25,000 retail and commercial real estate professionals for three days of deal-making, networking, and forward-looking conversations shaping the future of the industry. This year’s event placed a strong emphasis on innovation, leadership, and…
As is the case in many industries, AI is now part of the everyday reality in healthcare, and its impact is showing up in a place that is often overlooked: the physical footprint of care. For years, the conversation has focused on the shift from inpatient to outpatient services. That trend is still in motion,…
The 2026 BOMA International Medical Real Estate Conference was held in San Diego, CA, from April 29 to May 1. It highlighted a sector at a pivotal inflection point, where technology, care delivery transformation, and operational discipline are converging to reshape medical real estate strategy. Speakers emphasized…
The data center sector has entered a new capital markets regime. What was once underwritten primarily as real estate is now increasingly treated as critical infrastructure, driven by accelerating AI workloads and hyperscale expansion. Gartner projects that total electricity consumption by data centers will rise…
Effective real estate decisions begin with providing sufficient time to determine the need and review options. Those tenants that start evaluating the market early are better positioned to align space with business priorities, control costs, and avoid operational disruption. A practical baseline is to begin no…
Navigating the New Standard: Incentives Are No Longer Automatic For years, economic incentives for data centers and large-scale industrial projects followed a fairly predictable path. That’s no longer the case. The landscape has shifted, with states introducing stricter eligibility criteria, performance…
Recent data shows that more than 150 million Americans live in areas where mental health providers are scarce, underscoring a system-wide gap in access that continues to grow as demand accelerates. For commercial real estate owners, developers, and investors, it’s an opportunity to align capital with one of the…
Retiree discretionary spending is growing, driven by increased leisure demand and wealth transfer, shaping the future of consumer real estate.
A thematic piece on private real estate and infrastructure as portfolio building blocks, citing low correlation to public assets and six-year-high institutional appetite for real estate in 2026. High-conviction themes span data centers, logistics, rental housing, and energy.
AEW's European research perspective examining how new logistics demand drivers are offsetting geopolitical pressures, with implications for industrial real estate fundamentals across the region.
Examines how data centers blend real estate and infrastructure characteristics, assessing demand sustainability, power constraints, and why high-quality, power-secured assets remain strategically compelling.
Nuveen Real Estate's tactical sector-by-sector view on US commercial real estate fundamentals, pricing and relative value within its Trends and Tactics series.
Blackstone's Global Head of Real Estate argues the sector has reached an attractive entry point, with construction down 60%+, debt costs down ~40% since 2023, and valuations only modestly off their trough. Conviction themes include data centers, warehouses, and rental housing.
A Barings and Artemis roundtable across the U.S., Europe, and Asia Pacific arguing 2026 is a stock picker's market requiring active selection and granular analysis as performance disperses by quality and location.
Nuveen makes the case for a global approach to real estate, focusing on high-quality assets in leading cities and emerging sectors tied to megatrends like aging populations and technological innovation.
Examines how multifamily owners can use expanded financing options when facing maturing construction debt or lease-up properties, advocating parallel execution paths including agency takeouts, bridge financing, and sales. Draws on RealPage and Zelman data.
A financing guide comparing ten factors borrowers should weigh when selecting small-balance multifamily debt sources, including loan structure, hold period, and lender type. Contrasts direct lenders versus intermediaries.
Thematic research on the structural drivers of European logistics demand, examining how supply chains, nearshoring and e-commerce are shaping the continent's industrial property market.
Field report from the MBA Commercial/Multifamily Finance Convention covering capital availability, lending competition, and credit-spread compression across CRE sectors. Notes spreads as tight as 2021 and shifting lender risk tolerance.
Examination of seniors housing financing options across traditional lenders, debt funds, and GSEs (Freddie Mac, Fannie Mae, HUD), noting a 23% rise in acquisition activity and tighter refinancing terms.
Invesco's Listed Real Assets team's recurring commentary on the listed real estate market and outlook, covering market and sector performance, sub-sector reviews and regional forecasts.
Lennar reported Q2 2026 earnings showing its average sales price per home fell 4.6% year-over-year to $371,000 (down 24.4% from Q3 2022 peak), reflecting approximately 12.9% in incentives and base price adjustments to sustain sales volume in an affordability crisis. The company increased deliveries by 2% to 20,519 homes and cut construction costs by 13% over several years, but gross margin fell to 15.6% from 17.8% year-over-year, while net income plunged 36% year-over-year to $305 million and Lennar's stock price declined 49% from its September 2024 peak.
I’ve been thinking about this for some time. After 21 years of writing this blog almost daily, I’ve decided to stop writing the daily updates on the blog. However, the economic data "IV" is still in my arm, and I’ll be writing a weekly economic summary at the end of each…
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On March 19, 2026, the Federal Reserve, FDIC, and OCC jointly proposed Basel III capital rules that expand access to credit risk transfer (CRT) structures for U.S. banks, eliminating the prior requirement for case-by-case Federal Reserve approval and allowing standardized regulatory treatment instead. The document examines how synthetic risk transfer and credit-linked notes work for commercial real estate portfolios, illustrating with a stylized example how a regional bank holding a $500 million multifamily portfolio could reduce risk-weighted assets from $500 million to $78.1 million (16% of original) through a CRT, and identifies strongest CRT candidates as stabilized income-producing properties and smaller-balance owner-occupied commercial properties with strong fundamentals that diverge from their regulatory risk weights.
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The document examines how the Federal Reserve, OCC, and FDIC's new model risk management guidance SR 26-02 (issued April 17, 2026) replaces the 15-year-old SR 11-7 framework, with key changes including a narrower model definition that excludes spreadsheet arithmetic and deterministic rule-based systems, explicit carve-outs for generative and agentic AI, and applicability primarily to institutions above $30 billion in assets. The guidance creates a governance gap for AI-driven commercial real estate workflows by placing statistical models within the MRM perimeter while excluding generative layers, extraction pipelines, and orchestration logic, meaning banks have regulatory latitude in deploying agentic AI for CRE underwriting but remain responsible for downstream risks that feed into pricing and credit estimates.
John Burns Research and Consulting reviews homebuilder incentive strategies designed to boost sales without reducing base prices amid muted new home demand.
TPG leaders discuss how asset-based finance is expanding across housing, commercial real estate, and digital infrastructure as bank retrenchment and structural demand reshape private credit.
Brookfield argues that midstream infrastructure, widely viewed as a sector in decline a few years ago, is now benefiting from stronger demand, renewed investment and expanding opportunities to acquire and monetize assets. It positions the sector as essential within an undersupplied energy system.
Clarion Partners reviews the permanent extension of the Opportunity Zones program and its implications for real estate capital formation. The brief assesses how the structure shapes long-term investment.
Brookfield analyzes how connectivity and the constraints around it are increasingly determining which data infrastructure assets can be built, scaled and able to deliver durable returns. The piece frames power and network access as the gating factors for AI-era data-center growth.
Barings discusses emerging demand drivers and underwriting approaches for alternative real estate sectors and the case for diversification beyond the core property types.
Brookfield explores how institutions can take a more holistic, total-portfolio approach within traditional asset allocation frameworks. The piece argues this shift better integrates private markets and real assets into portfolio construction.
McKinsey examines how agentic AI can automate multistep workflows across property management, leasing, and other core real estate functions, enabling humans to work in partnership with autonomous AI agents. It frames agentic AI as the next wave beyond earlier generative-AI applications in the sector.
TPG and Peppertree leadership discuss digital infrastructure investment opportunities, particularly in wireless tower development and connectivity, following TPG's acquisition of Peppertree.
Clarion Partners makes the case for senior housing as demographic demand accelerates and new supply remains constrained. The report frames the sector as a long-term growth opportunity.
Walker & Dunlop Investment Partners argues the transition phase in multifamily offers attractive entry points as fundamentals improve and new supply declines.
NIC research finds assisted living market penetration is shaped by factors beyond local demographics and economics, with implications for site selection and demand modeling.
Blackstone President and COO Jon Gray writes that real estate is approaching the steeper phase of recovery, citing record leasing at Link Logistics, up 38 percent year on year, and New York City office leasing at levels not seen since before the pandemic.
J.P. Morgan Asset Management argues commercial real estate valuations have fallen roughly 25% from their 2022 peak even as operating income rose, creating an attractive entry point as the recovery extends through 2026.
TPG CEO Jon Winkelried surveys the 2026 macro outlook across policy, interest rates, and AI, and explains why he sees real estate as one of the more interesting investing opportunities ahead.
Brookfield makes the case that asset-based finance remains underpenetrated by private capital, but that this is about to change. The piece looks beyond direct lending to the broader private credit opportunity set.
Brookfield's credit outlook contends that continued investor appetite for private credit underscores confidence in the asset class. The piece makes the case for disciplined underwriting and a focus on asset quality across market cycles.