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)
Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.
Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.