From the beginning of his career in commercial real estate finance—first at Credit Suisse and then later at CW Capital and Global Atlantic Financial Group—Beckford observed Wall Street’s obsession with financing big deals as he routinely worked on transactions that required more than $50 million in capital. That created a major gap in the market,…
For many real estate investors, extended stay hotels are a bit of a mystery, viewed as a distant cousin of limited stay hotels, and catering specifically to business travelers. But those who understand property types like self-storage should find familiar attractive qualities here. Demand is buoyed by major life events (work re-location, temporary dislocation, extended…
Possibly the largest conference in the nation dedicated to real estate operators and developers of color, the 2023 DCRE Diversity in Real Estate Conference in NYC drew 650 in-person and online attendees representing 31 states. Now in its fifth year, the conference has reached new levels of mainstream recognition, with a broad coalition of corporate…
In response to George Floyd’s tragic death, many prominent institutions from state pensions, to foundations, and fund managers made bold statements emphasizing the need to make diversity and inclusion a higher priority, not only as it relates to internal hiring, but also in making more substantial direct investments in minority and women owned operators. Now,…
At the 20th Annual Consortium hosted by GSM Grosvenor in NYC, a distinguished panel of investment executives discussed the fundraising environment for diverse and emerging fund managers. The fact that each of the three panelists, Tammy Jones, CEO of Basis Investment Group, Jennifer McElyea, Managing Partner of Ethos Real Estate, and Ivelisse Simon Rodriguez, Managing Partner at Avante Capital Partners, are not only successful founders, but women of color made a powerful statement and gave voice to fresh perspectives surrounding the investment landscape.
In the world of asset management, GSM Grosvenor stands out as one of the few alternative asset managers of its size ($75 billion AUM) demonstrating a consistent and meaningful commitment to identifying, cultivating, and investing in emerging and diverse investment managers. This past month marked the 20th anniversary of their flagship Consortium, a multi-day meeting…
It’s no secret that major coastal cities are grappling with corporate relocations and downsizings, workers resisting returning to the office full-time, anemic day-time business activity, and persistent crime and homelessness. Los Angeles is no exception. What does the future have in store for the city of angels? A group of LA’s most prominent real estate experts weighed in at the REEC 2023 Spring Conference.
Despite relentless interest rate hikes, contraction in multifamily rental rates in the face of record deliveries, and almost universal disdain for all things office, lenders, fund managers, and operators alike have tried to maintain an upbeat view on the state of the market in ‘Q1 2023. Now, in the face of more headwinds in ‘Q2, those convictions are being tested. A distinguished panel of real estate experts shared their outlook at the REEC 2023 Spring Conference.
In the aftermath of that tragedy, many of America’s largest corporations doubled down on commitments to address the deep racial inequities that still plague this nation. Many Fortune 500 companies made pledges in areas like recruitment, seeking more diverse talent for senior management and board seats, as well as incorporating diversity and inclusion roles in their organizations, and revising their policies around third-party procurement…
In the best of economic conditions, raising equity can be a daunting challenge for smaller real estate operators, but especially for members of historically under-represented communities (sometimes referred as “emerging managers”). Now, as the economy faces significant macro headwinds, and large institutions like endowments and pensions are reducing their CRE allocations, questions abound as to how that will impact the availability of LP capital as these smaller investors identify new opportunities in the market. A panel of capital allocators shared their perspectives at the REEC 2023 Spring Conference.
It’s been over two years since George Floyd’s death and the question on many professionals of color’s minds, me included, is “has anything changed for the better?”
In the aftermath of that tragedy, many of America’s largest corporations doubled down on commitments to address the deep racial inequities that still plague this nation. Many Fortune 500 companies made pledges in areas like recruitment, seeking more diverse talent for senior management and board seats, as well as incorporating diversity and inclusion roles in their organizations, and revising their policies around third-party procurement…
