RICS housing market survey turns positive with buyer interest up

Royal Institution of Chartered Surveyors | July 11, 2019

New buyer interest has increased in the UK for the first time since November 2016 as the housing market becomes more stable, according to the latest residential housing market survey report. Overall there has been a rise in buyer demand, new instructions have held steady and newly agreed sales also edged into positive territory for the first time in 28 months, according to the survey report from the Royal Institution of Chartered Surveyors (RICS).

Spotlight

Infrastructure assets are not easily replicated due to high development costs, regulations, land availability/location and zoning laws. Such barriers to entry could help shield infrastructure companies from the competitive threats typical of other industries, and potentially benefit from the pricing power associated with an oligopolistic or monopolistic business models.

Spotlight

Infrastructure assets are not easily replicated due to high development costs, regulations, land availability/location and zoning laws. Such barriers to entry could help shield infrastructure companies from the competitive threats typical of other industries, and potentially benefit from the pricing power associated with an oligopolistic or monopolistic business models.

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REAL ESTATE INVESTMENT

Invesco Real Estate Income Trust Inc. Acquires Industrial and Grocery-Anchored Retail Properties

Invesco | February 21, 2022

Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed public non-listed REIT, announced today the acquisition of an industrial property and a grocery-anchored retail property. The combined purchase price was $94 million, bringing the gross assets of the INREIT portfolio to more than $850 million. There continues to be strong demand for the industrial sector, which is benefiting from both secular and cyclical tailwinds. Investing in industrial properties is a strategic objective for INREIT and we are committed to finding the best ideas within the sector, We continue to have strong convictions that physical retail, such as grocery-anchored properties, have a role to play in portfolios and our approach remains selective when evaluating opportunities." R. Scott Dennis, President and Chief Executive Officer for INREIT. INREIT acquired a 95% interest in an industrial warehouse facility in the Columbus metropolitan area, where the market vacancy rate is currently below 2% for bulk distribution space. Built in 2000, the 378,283 square foot distribution facility is 100% leased. The property benefits from proximity to the international airport and rail, allowing for same-day and next-day deliveries throughout much of the country since Columbus is a one-day drive from 60% of the U.S. population. 2919-2999 Lewis Centre Way represents INREIT's fourth industrial investment, deepening its activity in the sector. This industrial asset brings INREIT's industrial portfolio to over $85 million, providing a durable income stream with long-term leases. This acquisition is part of a joint venture with Trident Capital Group. INREIT acquired a 100% interest in Cortlandt Crossing, a newly constructed, high-quality grocery-anchored shopping center located in Westchester, New York. Built in 2019, the 122,225 square foot grocery center is 95% leased with strong, name brand anchors, including ShopRite and HomeSense, an affiliate of the TJX Companies. INREIT's approach to the retail sector remains highly selective, with a focus on healthy demographics, high-quality trade areas and defensive grocery-anchored assets. About INREIT Invesco Real Estate Income Trust Inc. ("INREIT") is an institutionally managed public non-listed NAV REIT investing in a diversified portfolio of high-quality, income-producing properties located throughout the United States. Its thematic approach to investing focuses on where people consume, live, innovate and connect. INREIT seeks to invest in properties with resilient income and appreciation potential. INREIT expects to diversify its portfolio over time, including on a global basis. INREIT is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. and the registered investment adviser for Invesco Real Estate, the real estate investment center of Invesco Ltd.

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REAL ESTATE TECHNOLOGY

CRED iQ Launches Commercial Real Estate Comps Software

CRED iQ | September 24, 2021

CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities today announced the launch of its property comps tool. The tool compares a subject's appraised value, rent, expenses, occupancy, cap rate, interest rate, as well as several other property and loan characteristics against its competitive set and the overall market. Developed using a proprietary algorithm, the software selects similar properties from CRED iQ's data set based on several property and loan factors and assigns a score based on the relevance of each comp. The software automatically generates comps for properties in the CRED iQ database. Users can also enter property details to generate comps for almost any commercial property in the US. Our platform was built using the latest data lake technologies so that commercial real estate professionals could instantly access relevant, timely, and verified property and loan data. The comps technology allows users to quickly gauge market fundamentals or underwrite a specific loan using detailed financials from intelligent market comps with a few clicks. - Co-Founder Michael Haas We developed this tool to provide a convenient way for users to compare performance, valuation and loan characteristics for any commercial property with its competitive set. Users have access to comps for all properties within our database, or search and generate comps for almost any commercial property in the country. - Co-Founder Bill Petersen. About CRED iQ CRED iQ is a commercial real estate data, analytics and valuation platform serving professionals across the CRE investment, brokerage, and lending industries. Updated monthly, CRED iQ's robust database is powered by over $1.5 trillion of loan and property data from the securitized universe. CRED iQ tracks data on CMBS Conduit, SBLL, CRE CLO, and Agency debt combined with verified borrower and true ownership contact details. Headquartered in Radnor, PA, the company also has offices in Dallas and Portland, OR.

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INVESTMENTS

Arch Street Capital and Orion Announce Single Tenant Office Partnership

Arch Street Capital | February 03, 2022

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