Treasury Selloff Signals Real-Rate Shock, Not Inflation Panic
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
Executive Summary The Treasury market’s sharp September selloff is better understood as a repricing of real rates, policy expectations and the neutral rate than as a broad loss of confidence in long-run inflation cont…
External link. Real Estate Trail does not republish source content.
More from the wire
News | GoldenTree and Farran go back to CMBS market with latest £455.4 million of acquisitions
Ariel Property Advisors Negotiates $75M Sale of Two Manhattan Apartment Buildings
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $75 million sale of two Section 8 apartment buildings totaling 126 units in Manhattan. The properties are located at 200 Manhatta…
Griffis Residential Receives $86M in Financing for Denver Apartment Community
DENVER — Griffis Residential has received $86 million in financing for Griffis Union Station, a Class A apartment property in Denver. Eric Tupler, Kevin Barron and Jake Martin of JLL Capital Markets secured the five-y…
Atlantic Capital Partners Negotiates $10.2M Sale of Shopping Center in Springfield, Massachusetts
SPRINGFIELD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated a $10.2 million sale of Boston Commons Plaza, a 103,494-square-foot shopping center in the Western Massachusetts city of Spri…
D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix
PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutiona…