As the stock market is plowing through to new all-time highs and RBC’s Robert Wetenhall says the retail housing recovery is underway, commercial real estate investors are “surprisingly unenthusiastic” about their deal pipeline. Morgan Stanley’s AlphaWise research reflect a degree of uncertainty after a significant if somewhat unexplained price run-up, particularly acute in one REIT sector. Highest flying REIT is where most concern is expressed Perhaps most interesting is that the REIT highest peformers, the Triple Net Real Estate Investment Trust (REIT), up more than 30% year to date, is where the real estate concerns are most acutely noted. A triple…
US Commercial Real Estate Market Softening
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.