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Using Spatial Data to Make Commercial Real Estate Decisions
| February 13, 2020
Weichert is one of the largest independently owned providers of real-estate services in the country. We are a one-stop shop for our customers, providing a variety of services to meet all sorts of real-estate needs.
Article | March 26, 2020
As most of us have adjusted to the new reality brought on by the coronavirus (COVID-19), developers and lenders are forced to look at the resulting economic shut down on ongoing real estate projects. When this virus first started making the news late last year, few people anticipated that it would turn into a global pandemic that would virtually shut down world economic markets. In the real estate world, when this did happen, it was easy to predict that the deals that had not yet been signed, would come to a stop and/or be terminated, and that deals that had been signed would be paused and extended. But what about deals in progress and under construction? Supply chains have not only been disrupted, but in many cases, have been stopped altogether. This could cause many borrowers to miss important benchmarks under construction loan agreements. It could also cause developers to miss delivery dates under leases and contracts. Will lenders declare loan defaults for missed benchmarks? Will tenants and buyers?
The COVID-19 pandemic has negatively impacted most every industry over the past few months, creating a scenario of rising financial stress, retracting employment and diminishing market confidence for companies around the globe. The commercial real estate industry hasn’t been immune from the pandemic’s downward pressure on the economy. Many real estate owners and investors, and the service-based companies supporting these organizations, have found themselves in a wait-and-see mode before making decisions about projects and other business initiatives.
To that end, according to a recent Bisnow story on data collected by independent research and advisory firm Green Street Advisors, real estate investment trust shares have decreased by 34% since mid-February, while office high-rises have experienced a 10% decrease in overall value across global markets. The same story notes unsurprisingly the retail sector has been among the most negatively impacted product types across the world’s commercial real estate portfolio.
It’s time to get on board with content marketing—real estate is changing, and as a result, real estate agents need to change their approach, too. Many agents may already understand the need for content marketing, but I’m often asked, “How do I get started and create a content marketing plan?” You can create a real estate content plan using the following steps.
Real estate syndication, also referred to as real estate crowdfunding, is an investment model where multiple real estate investors pool their capital for the common objective of financing a property investment. This way, real estate investors can invest in real estate projects that are considerably larger than they could have afforded as individual investors. Real estate syndications are usually led by a sponsor (or syndicate) who oversees the financing, acquisition, and management of investment properties on behalf of the investors. Therefore, the success of a real estate syndication will greatly depend on how competent the sponsor is. They earn active income through rental property management fees. They may also provide a small portion of the investment capital.
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