It was announced last week that Prologis, the world’s largest industrial REIT, has agreed to buy KTR Capital Partners for $5.9 billion. KTR owns and operates 70 million square feet of real estate across the U.S. I think the deal is interesting because, besides being one of the largest deals of the year, Prologis plans to buy KTR through a joint […]
David Funk, a professor of mine and the former director of the Baker Program in Real Estate at Cornell University, recently published some interesting research into asset reallocation by institutional investors that more heavily favors commercial real estate. It is definitely worth a read: Click here to read: ‘Real Estate Takes Its Place as the […]
I built this multi-scenario , value-add hotel investment model from scratch in Excel for an assignment in one of my real estate finance courses at Cornell. Keep in mind, this model is not plug-and-chug ready. However, with a few tweaks it works great for both back-of-the-envelope, and more detailed financial analysis. This model is an example […]
GE is unwinding its financial companies, and as a consequence, is selling off its real estate assets. Blackstone and Wells Fargo have reportedly agreed to buy GE Capital’s real estate assets for $23bn. This is the largest deal of its kind since Blackstone acquired Equity Office Properties Trust in 2007. A few links with deal specifics: […]
At $1.3bn, The Blackstone Group is set to become the next owner of the iconic Willis Tower (formerly the Sears Tower) in Chicago, IL. The group selling the building, bought it for $841mm in 2004. A few links with deal specifics: http://www.bloomberg.com/news/articles/2015-03-16/blackstone-group-agrees-to-buy-chicago-s-willis-tower http://www.benzinga.com/trading-ideas/long-ideas/15/03/5331305/blackstones-willis-tower-purchase-set-a-record-but-is-it-a-ba http://www.chicagobusiness.com/article/20150306/NEWS12/150309828/blackstone-in-talks-to-buy-willis-tower-for-1-5-billion
As further evidence that real estate is fast becoming the fourth major institutional asset class, S&P has announced that it will create a new sector for the industry. “S&P Dow Jones Indices, a leading provider of financial market indices, and MSCI Inc., a leading provider of investment decision support tools worldwide, announced today that as […]
This is the first in a series of Excel models on adventuresincre.com Here is a basic multifamily development model that I put together. I didn’t build this model from scratch, but rather pieced together several other models to arrive at this. This is very basic, but is a great first-look model for simple projects. More complexity […]
Two years of formal real estate instruction is best complemented by real world application. By putting into practice the principles taught in the classroom, we as students truly internalize the concepts. The summer internship experience is one of the reasons I chose to attend the Baker Program in Real Estate at Cornell, and my internship […]
I read an interesting article in Globest.com this week talking about how demand for single tenant net lease properties is likely to remain high. That point is nothing new to those who’ve been watching net lease recently. However, what caught my eye was a provocative quote by a STNL expert, Sam Alison of Stan Johnson Company. Mr. […]