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

What do commercial real estate investors need to understand about artificial intelligence? How is AI changing real estate today? And what’s the future of AI in real estate? AFIRE interviewed three experts on the subject and compiled a summary video designed to educate real estate executives and their teams. “I believe real estate investors are underestimating two main things about the impact of AI on the industry,” says Matias Recchia, Co-Founder and CEO of Keyway, going on to say that the technology will create much more efficiency, and liquidity, than people realize. “The reason you need artificial intelligence in commercial real estate is to allow for a new level of efficiency in interacting with the software,” says David Franklin, Principal, CRE & AI, Yardi. “It’s almost like the advent of the mouse…. It opened up the world to a whole new set of possibilities.” “So much of the data that exists within commercial real estate is very unstructured,” says Drew Conway, Head of Data Science, Private Investments, Two Sigma. “Lease documents… offering memorandums… PDF files that are not connected or structured in any way. A lot of the technology that exists today… can really consume that data and produce structure very, very quickly… And some of that is already happening.” Register today for the next AFIRE Event here: https://lnkd.in/gqChSYfg 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.

The latest Summit Journal article to post is a thought-provoking look at the future of global shipping chokepoints—and what their fates may mean for U.S. commercial real estate, in terms of #globalization, #energy prices and #inflation and #GDP growth. Thanks to Stewart Rubin and Dakota Firenze of New York Life Real Estate Investors for the fascinating article. Read more: https://lnkd.in/gmuMGTx9

The outlook for infrastructure investment from Tania Tsoneva, CFA of CBRE Investment Management is the latest Summit Journal article to post at the AFIRE website. "The fragile outlook calls for balanced and diversified infrastructure portfolios with a preference for themes benefitting from structural tailwinds," Tsoneva writes, naming such sectors as power utilities, data centers and renewable power. Read the full article: https://lnkd.in/g58y_VNi #renewables #datecenters #utilities #USrealestate #commercialrealestate #infrastructure

Creating mentorship opportunities for the ascending stars of commercial real estate, AFIRE's Rising Leaders summit next week on Nov. 18-19 in NYC will feature a fireside chat on leadership with Sonny Kalsi, the co-CEO of BGO. Also including: —strategic investing advice from Wendy Pryce of Nuveen, a TIAA company. —a discussion of sustainability and compliance from Dana Robbins Schneider of Empire State Realty Trust —a discussion of New York City's reboot from Melissa Román Burch of the New York City Economic Development Corporation —Reimaginging the post-COVID City from Rebecca Rockey at Cushman & Wakefield There's still time to register: https://lnkd.in/gEj-K53n #mentorship #realestate #NYC #USrealestate #leadership

In our latest multifamily asset class update, our panel makes the case that the asset class forecast features “mixed current conditions but momentum mounting.” Some of that momentum comes from niche markets, such as student housing, seniors’ housing, active adult and single-family rentals. And while the sector as a whole is experiencing a cyclic slowdown, fundamentals will stabilize and market health will return in the 5-10 year time frame. “[If] you invest earlier in recoveries, you tend to do better," says Sabrina Unger, Managing Director, Research and Strategy, American Realty Advisors. “And I think that’s going to hold true in multifamily when we look back on this period.” Unger’s pick for one prime investment opportunity? She suggests investors buy below replacement costs now, make the sort of value-added renovations that today’s renters desire, and offer units at rates that are just below those of the brand-new class-A multifamily properties.  Also featuring perspectives from: • stephen benjamin, Managing Partner & CEO, The Dermot Company, LP Company • Erin Patterson (she/her), Global Co-Head of Research & Strategy, Manulife Investment Management • Brian Klinksiek, global head of research and strategy, LaSalle Investment Management Get more up-to-the-minute asset class updates at our Winter Conference: https://lnkd.in/gAjFBdwi #multifamily #singlefamilyrental #affordablehousing #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.

"Office is the new retail" was a pandemic cliché. But does the aphorism still hold up? The Grosvenor research team of Brian Biggs, CFA and Ashton Sein take a hard look at the data, in one of the first articles to systematically compare and contrast the post-GFC retail disruption to that of post-pandemic office. Read the full article: https://lnkd.in/gnFW2MPH #officerealestate #retailproperties #commercialrealestate #USrealestate

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