Everyone loves to predict the real estate cycle – it’s such a fun game! And like all armchair pundits, you can never be wrong, because you just keep making predictions and nobody seems to remember the wrong ones. At least for the next 12 months, these forecasters see blue skies ahead. That makes a lot of sense if you’re judging by M&A activity in the real estate debt fund space, because it looks like it’s going mainstream. There’s also a great post by Morgan Housel talking about the benefits of ILLIQUIDITY. We in the non-traded REIT world can certainly understand. And lastly, two questions. Is it possible to have too much charisma? Turns out not even that positive feature is immune to the laws of moderation. And does Streitwise provide enough meaning to YOU?
That’s your view from the stREIT. Have a great weekend!
- When it comes to commercial real estate, optimism still rules (RE Journals)
- Morgan Stanley Investment Management adds Mesa West Capital to real assets business (Pensions & Investments)
- The Shallow Benefit of Deep Liquidity (Morgan Housel, Collaborative Fund)
- Too Much Charisma Can Make Leaders Look Less Effective (Harvard Business Review)
- As Millennials Demand More Meaning, Older Brands Are Not Aging Well (Fast Company)
Mr. Karsh is CEO and Co-Founder of Streitwise and Tryperion Holdings.
Prior to forming Streitwise, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.