Fortress Investment’s Eli Edwards and David Hammerman Don’t Balk at Small Deals
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
The key to successful investing is often the ability to differentiate between commonly regarded wisdom and reality. Eli Edwards, head of U.S. real estate equity for Fortress Investment Group , recalled just such a per…
External link. Real Estate Trail does not republish source content.
More from the wire
When Hotels Become Storytellers: Two Journeys Through the Legacies of South India
Two South Indian hotels, the Royal Orchid Metropole in Mysore and Hoysala Village in Hassan, illustrate how embedding living local ritual and dynastic history into the guest experience creates meaning that outlasts an…
TOURISE Unveils 2027 Summit Under the Theme “Alliances That Move the World”
TOURISE 2027 Summit will convene global tourism, technology, and investment leaders in Riyadh on March 23-25, 2027, under the theme "Alliances That Move the World," building on $113B in portfolio investments announced…
Who owns the customer? That depends on whom you ask.
With 30-year rates near 7%, retention and permissioned access may decide the next refi wave
Can empowering small investors strengthen America’s housing supply?
Federal data show individuals own 59% of rental properties, even as LLCs hold 43% of rental units
The wrong levers
Four years of a frozen housing market won't thaw from the three levers everyone keeps pulling