STOA Capital

🐉 Good news! AVLV Architecture & Development is preparing to build a new luxury residence in Fishtown, Philadelphia—one of the city's most vibrant neighborhoods. If you're from #Philadelphia, or anywhere in the Northeast, you're likely familiar. Fishtown has transformed into a hotspot for families, creatives, and young professionals looking for the perfect mix of urban living and community charm. Whether you're grabbing a bite at the cosmopolitan Suraya or a slice at Pizzeria Beddia, you'll have something to enjoy. There are cafes (galore) and event venues permeating throughout the fabric of the area. ❗ Not to mention, Beddia ranked 13th in the world among pizzerias via an Italian ratings company (https://lnkd.in/etS5fbHp). We're thrilled to be part of this neighborhood’s growth and look forward to creating a sustainable development that reflects its artistic energy and community. I'll bring more updates as they come. 🐟🐟🐟 -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #philadelphia #philadelphiarealestate #development #avlvarchitecture #avlvdevelopment Jonathan Wallace Sam Turner Enam Abazi Martino Picariello Joseph Cleary Greg Root Al Lucas

🐉 I got a raise in less than 6 months. Whoop-dee-doo. How? My partners and I paid ourselves because we got good, new work. Again, if you know me, this sort of post is absolutely not my style. I'm more the data type. Nonetheless, I feel good reason to communicate this to some younger guys and gals. ⌛ Back to the context. For an extended period of time—no matter how much input and value I brought to a group—I couldn't convince some superiors to grant me commensurate compensation. I was in debt & equity capital markets advisory for a good 7 years. No shame; that was their prerogative. What do I recommend young professionals in the business? 1️⃣ Find like-minded people who want to end up in the same vertical of the business. If you want to stay a broker, find trustworthy brokers that you'd go off on your own with. If you want to be on the buy-side, do the same. That's where I ended. 2️⃣ Be sure that those people are willing to share equal parts of recourse and are comfortable moving at a pace that grows the business sustainably—not at a startup pace. If you know these people and don't want to start something, you'll be better off financially, professionally, and emotively anyway. A good, stabilized shop can cut your checks, but they won't seek to reward you in lock-step with the gains you make for them. Don't fault them that. Don't think you shouldn't try and go get it though. Oh, and Go Birds 🦅 It's good to be back where I was born. -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment

🐉 Despite market-wide growth in the stock market(s), 2024 has shown to be a good year for bond fund investment. We are seriously curious what tomorrow does to both. Assuming the Fed meeting instigates more downward fixed income pressure, it's likely we'll see more activity executed on those underlying securities. Though these (equity instruments / debt instruments) typically move to the inverse of each other, we think we see improvements for both — from a stock investment perspective and a fixed income investment perspective. Rationale says that this sort of meeting will drive confidence in general market activity. ✍ As far as some statistics go: U.S.-listed fixed-income ETFs have attracted nearly $150 billion by late July (a record). Taxable bond funds made up almost 90% of net U.S. fund inflows in the first half of the year. This trend has benefited the money-management industry, with actively managed bond funds outperforming and attracting new investments. Let's check-in again tomorrow. via Jack Arevalo -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment https://lnkd.in/dzTQfCCR

🐉 It's all in-house: ▫ We handle your modeling ▫ We handle your underwrite ▫ We handle your go-to-market ▫ We handle your financial structuring Curious how to get capital for your real estate deals? Look back up — it's all in-house. stoacap.com -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment

🚨 Industry Update: Ready Capital and Arbor Realty Trust face significant challenges as they navigate late-cycle stresses in the multifamily sector. Ready Capital reported a staggering 284% increase in delinquencies across their $6.6 billion bridge loan portfolio. 🔄 Market Cycle: Expansion ➡ Peak ➡ Contraction ➡ Trough Somewhere between a market's Expansion and Peak, it experiences the "late-cycle." At this point, asset prices reach a zenith, interest rates feel topped out, economic growth slows, and inflation is felt. We can expect these groups to divest these portfolios as quickly as possible, to cut sunk costs and recoup some of that capital for re-deployment as we enter a slight Contraction / Correction. ⁉ What are your thoughts on the current state of the multifamily sector? Have you noticed similar trends? via Jack Arevalo -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment https://lnkd.in/eDeDrPcs

🚨 Industry Update: Ready Capital and Arbor Realty Trust face significant challenges as they navigate late-cycle stresses in the multifamily sector. Ready Capital reported a staggering 284% increase in delinquencies across their $6.6 billion bridge loan portfolio. 🔄 Market Cycle: Expansion ➡ Peak ➡ Contraction ➡ Trough Somewhere between a market's Expansion and Peak, it experiences the "late-cycle." At this point, asset prices reach a zenith, interest rates feel topped out, economic growth slows, and inflation is felt. We can expect these groups to divest these portfolios as quickly as possible, to cut sunk costs and recoup some of that capital for re-deployment as we enter a slight Contraction / Correction. ⁉ What are your thoughts on the current state of the multifamily sector? Have you noticed similar trends? -- AVLV Architecture & Development STOA Capital #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment https://lnkd.in/erAN5mD8

Not the #Fed outcome we recommended, but the #Fed outcome we expected. They remain firm on attacking #inflation. Powell didn't use the typical 2.6% number today, but rather, stated the committee remains aggressive on "getting closer to that 2% marker." I find that still to be a somewhat whimsical target, but it's consistent with the policy of the past 2 years. Tightening is being slowed, explicitly. Regardless, fixed income markets have already priced in 10 bps of correction. I expect more of that as we get closer to what the Fed desires. via Jack Arevalo -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital

Fed meeting coming tomorrow/Wednesday. Treasuries have already tempered themselves coming into this week. Expect the committee to show greater expectations of rate cuts, over whatever time frame is described. And from there, more tempering will follow. via Jack Arevalo -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital

GDP growth isn't where it should be. The recent U.S. economic update showed #GDP growth at 1.6%, falling short of the expected 2.4%, alongside persistent #inflation. This led to bond and stock market declines. However, consumer spending, particularly in #services, remained strong, indicating domestic resilience. Now, remember the terms here (GDP, inflation) and where they should float with respect to each other. GDP growth typically outpacing inflation is a common expectation. This indicates expanding economic activity without a corresponding rise in #prices. We aren't achieving that. No worries. Not significant. Back to the original statement saying, "services remained strong indicating domestic resilience." Service, of all kind, is the dominant driver for U.S. #production (and world production) and tends to remain stable, regardless of circumstance. It's been our strong suit for more than 50 years. We would do well with subtle downward pressure on #interest rates. It's safe to admit that big checks from deep-pocketed institutions have promulgated positive market activity, but the market is somewhat soft for the standard consumer. While there's no trauma being experienced, there seems to be a bit of inefficiency. Lowering the cost of #capital would give us wider consumption — and do a bit of good. We can do this and continue to monitor PCE, employment, and geo-politics. Real estate activity is active. Architecture activity is active. Keeping the ship upright for so long, fiscally speaking, will pay dividends when things turn. We're excited to see the result. via Jack Arevalo -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital

The recent string of lackluster U.S. #Treasury auctions is stirring up worries about the market's ability to handle the surging government debt. With inflation concerns lingering and the Federal Reserve showing no signs of budging on #interest rates, investors are feeling pressure. The 10-year Treasury yield, the barometer for #borrowing rates, is hovering near 4.6%, keeping everyone on edge. As the government gears up to push another $386 billion in #bonds in May and deficits keep climbing, the atmosphere is tense. While the #Fed might ease up on reducing its bond holdings to cushion prices, global investors, hungry for safety and returns, are still eyeing U.S. Treasuries. But if #inflation sticks around, we might be in for a wild ride, as seen by the recent yield surge triggered by disappointing auctions and a sizzling CPI report. And again, inflation readings have been anything but par. Take a report. -- #avlv #sustainable #architecture #development #realestate #sustainablearchitecture #sustainabledevelopment #sustainablerealestate #commercialrealestate #capitalmarkets #structuredfinance #newyorkrealestate #philadelphiarealestate #stoacapital https://lnkd.in/eEktDnDj