AFIRE

Just in time for fall, the new issue of Summit Journal is out now! Insights on everything from data centers and debt to "missing middle" housing and infrastructure—alongside legal updates from Dentons and Pillsbury Winthrop Shaw Pittman LLP on syndicated loans and the SAFETY Act. Featuring house views from Affinius Capital, CapitaLand, Alpaca Real Estate, Grosvenor, RCLCO Fund Advisors, CBRE Investment Management, Bridge Investment Group, New York Life Real Estate Investors, SolarKal, Raymond James, and others. Graciously sponsored by Yardi Investment Suite. Designed by Campbell Symons Design. Edited by Benjamin van Loon, CAE. https://lnkd.in/gkiVBqv3

Not all segments of commercial real estate's office sector have suffered equally—and investors may find attractive opportunities in select sub-sectors. The NCREIF Open End Diversified Core Equity Fund Index can offer a critical glimpse into where the market might go next, according to Nolan Eyre, Scot Bommarito and Bill Maher, all from RCLCO Fund Advisors. It's all in the latest article to post from AFIRE's Summit Journal: https://lnkd.in/gfJ6WiHK #NCREIF #office #commercialrealestate #USrealestate #CRE

Seeking diverting reading material? Try the Summit Journal guide to AI and commercial real estate, which provides a useful synopsis on the ways machine learning will impact the industry. While AI's effects in #CRE remain nascent, article authors Daniel Carr and Andrew Peng, and Wayne Teo, suggest that #AI will enhance operations along two distinct verticals: In-Asset (by improving property performance) and Out-of-Asset (by enhancing deal ecosystem workflows). "Early adopters," they write, "can position themselves at a competitive advantage, which can lead to outsized returns for investors." Read the article: https://lnkd.in/gDcenRXD CapitaLand Alpaca Real Estate #machinelearning #LLM #realestate #commercialrealestate

APAC operators preparing for an explosion in AI uptake have embarked on a huge buildout of data center infrastructure, observe the CapitaLand team of Michelle Lee, Eugene S. and Wayne Teo in the latest AFIRE Summit Journal. As a result, they write that network providers and technology multinationals are now churning out ever-larger new facilities to accommodate expanding data storage and processing infrastructure. Together, these factors are creating new opportunities for early-stage commercial real estate investment in what remains an emerging regional asset class. Learn more about the opportunities: https://lnkd.in/g2Y99d-r #APAC #datacenter #AsiaPacific #commercialrealestate #AI #artificialintelligence

How do leaders in the commercial real estate sector feel about the election? AFIRE regularly polls its membership about the sector’s trending topics. (Members: You still have a few hours to get your answers in.) Our latest survey contained several political questions. Some preliminary results: • Most of our member organizations have strategies that will stay the same regardless of which candidate wins. • Speaking about cross-border investment in US real estate overall, our members believe that a Trump win would likely result in a significant decrease in cross-border investment in real estate. If Harris wins, our members predict business as usual.  • Our members perceive a Democratic Senate and Congress would be most beneficial to cross-border investment in commercial real estate.  • AFIRE members believe that a GOP Senate and House would be most detrimental to cross-border investment in commercial real estate.  • Finally, our members indicated that the outcome that would be least detrimental to cross-border investment is a true separation of powers, with Trump contending with a Democratic Congress, or Harris contending with a Republican Congress. AFIRE members seeking to respond to the survey can click here: https://lnkd.in/gpZQ4xiY For more than thirty years, the AFIRE Investor Survey has gathered the opinions of AFIRE’s members—representing almost 175 organizations from 23 countries, with approximately US$3 trillion in assets under management (AUM)—to construct a useful tool for investors, regulators, and the media to understand the goals, challenges, and impacts of international investments on US real estate opportunities. #election #USelection #federalelection #commercialrealestate #CRE #politics #finance

The industrial asset class for commercial real estate is hot, hot, hot — so what’s next for the sector that encompasses warehouses and logistics properties? CBRE Investment Management head of direct logistics strategies and portfolio manager Mary Lang of CBRE Investment Management says the sector has changed a lot since the turn of the millennium. In fact, “As of the year 2000, 73% of our logistics stock in the United States was constructed using different specifications than today’s logistics occupier is demanding,” Lang says. From proptech to robotics, clients are demanding more sophisticated materials handling systems than ever before. “The single greatest amenity going forward in our space is going to be the availability of power,” Lang says, foretelling more innovation in industrial than even office or retail. Also including the perspectives of: • Brian Klinksiek, global head of research and strategy, LaSalle Investment Management • Mark Gibson, CEO—Capital Markets, Americas, JLL • Gunnar Branson, CEO, AFIRE Register today for the AFIRE Winter Conference here: https://lnkd.in/gqChSYfg #industrial #logistics #warehouses #commercialrealestate #CRE #USrealestate AFIRE POV interviews sum up how the industry’s experts are feeling about the most important topics in commercial real estate investing. Established in 1988, the Association of Foreign Investors in Real Estate (AFIRE) is the association for international real estate investors focused on commercial property in the United States. AFIRE currently welcomes more than 180 member organizations from 25 countries with approximately $3 trillion AUM in the US.

Join commercial real estate thought leaders and network with peers at AFIRE's Fall 2024 Rising Leaders Summit taking place November 18-19, 2024 in New York. Speakers include such prominent experts as: • Rebecca Rockey of Cushman & Wakefield • BGO's Sonny Kalsi • Dana Robbins Schneider from Empire State Realty Trust • Melissa Román Burch of the New York City Economic Development Corporation AFIRE’s Rising Leaders represent a diverse group of established leaders from AFIRE member firms set to transform the executive landscape over the next decade. The Summit opens Monday, November 18, with a networking dinner at Empellón Midtown (510 Madison Ave), followed by a full-day program (with catered breakfast and lunch) at Nuveen’s midtown headquarters (730 3rd Ave). Register here: https://lnkd.in/gEj-K53n

AFIRE CEO Gunnar Branson's closing remarks to the organization's recent Annual Member Meeting in New York City function as a rallying cry to senior executives in the commercial real estate sector. “Part of what I was so enthusiastic about throughout the last two days is that almost every speaker, including the political ones, were saying, ‘Okay, there's reason to be frightened—but let's look closer. Let's really start to understand some of the nuance here…’ We can freak out, or we can look at the details. We can start to think about it a little bit more deeply… There's really less reason for us to be paralyzed by fear today than ever before.” Branson says it’s time to start thinking about how to evolve from fear to challenge. “I can think of no better community to take a leadership role in the challenges that are facing all of us,” he says. “Challenges that make a devaluation of an office building look like nothing. We are the people that need to start taking the lead socially, politically, with all the different parties, to figure out a way to create that glittering city of our future. We can do it—and we will do it.” Register today for the next AFIRE Event here: https://lnkd.in/gqChSYfg #commercialrealestate #CRE #USrealestate #rallyingcry Established in 1988, the Association of Foreign Investors in Real Estate (AFIRE) is the association for international real estate investors focused on commercial property in the United States. AFIRE currently welcomes more than 180 member organizations from 25 countries with approximately $3 trillion AUM in the US.

"Workforce and affordable housing is a crucially-needed product for the US housing market," write Jack Robinson and Morgan Zollinger of Bridge Investment Group, who suggest strategies for private sector investors to address the demand in the latest article to be posted from AFIRE's Summit Journal. Read the entire article here: https://lnkd.in/g8a2sNsN #affordablehousing #housingcrisis #realestate

What’s the biggest opportunity in commercial real estate that everyone’s missing? Could it be climate-resilient investment strategies? Affordable housing? Repurposing distressed office? Student housing? Something completely different? We canvassed many of the top executives from the AFIRE membership, selected the best answers and compiled them into this fast-paced video, which begins with LaSalle Investment Management Global Head of Research & Strategy Brian Klinksiek saying, “One of the most underappreciated, counterintuitive investment opportunities today is…” Thanks to Klinksiek, and the rest of our experts, for filling in the blanks. Featuring takes from: Melissa Román Burch, COO, New York City Economic Development Corporation Dan Domb, Managing Member, Rockpoint Mike Hu, Managing Director & Principal, Gaw Capital Partners Michel Schram, Senior Director, Private Real Estate, PGGM Amy Price, President, BGO Gunnar Branson, CEO, AFIRE stephen benjamin, Managing Partner & CEO, The Dermot Company, LP Company Ann Cole, Managing Director, J.P. Morgan Byron Carlock, Director of Legal and Tax, AFIRE Will Gibby, Fund Director, Global Real Estate, Federated Hermes Limited Martin Lamb, Managing Director, Credit Suisse Subscribe to watch more AFIRE POV videos here: https://lnkd.in/ecJn3ZbJ Established in 1988, the Association of Foreign Investors in Real Estate (AFIRE) is the association for international real estate investors focused on commercial property in the United States. AFIRE currently welcomes more than 180 member organizations from 25 countries with approximately $3 trillion AUM in the US. #climateresilience #realestate #commercialrealestate #housing #affordablehousing #investmentstrategy