Harrison Street Hires Dan Fanelli as Co-Head of U.S. Investment Solutions in NYC
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
Harrison Street Asset Management is appointing three new executives to lead its strategies in the U.S., Asia and Europe. Dan Fanelli will join the global investment management firm as managing director and co-head of…
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