#Moore Real Estate Group

[moorerealestategroup]

Understanding the Value: Commercial Appraisal in Inland Empire

The Inland Empire, one of Southern California's fastest-growing regions, has become a hotspot for commercial real estate. With its prime location and thriving economy, the area offers significant opportunities for investors, businesses, and developers. A professional commercial appraisal in Inland Empire is essential for anyone looking to capitalize on these opportunities, providing clarity on property values and market trends. Working with trusted experts like Moore Real Estate Group ensures accurate assessments and informed decision-making in this competitive market.

Why Is the Inland Empire a Vital Economic Hub?

The Inland Empire's strategic location and economic versatility make it a cornerstone of California's economy. Positioned near major transportation networks, including ports, railways, and highways, the region is a natural hub for logistics, warehousing, and manufacturing. The resulting demand for commercial properties continues to rise, making real estate in the Inland Empire a highly lucrative investment.

What Drives the Inland Empire's Real Estate Boom?

The Inland Empire's commercial real estate market has flourished thanks to several key factors:

1. Strategic Location

The region's proximity to essential transportation corridors ensures seamless movement of goods, making it a top choice for logistics and industrial operations. This connectivity has driven demand for commercial properties, particularly warehouses and distribution centers.

2. Growing Population

A steadily increasing population has spurred the development of retail spaces, offices, and other commercial establishments. This growth boosts property values and creates a thriving market for investors and businesses alike.

3. Affordability

Compared to neighboring regions in Southern California, the Inland Empire offers more affordable commercial real estate options. This affordability attracts investors looking for cost-effective entry points into a growing market with a high potential for returns.

4. Economic Resilience

The Inland Empire's economy is diversified across logistics, manufacturing, retail, and residential sectors. This balanced economic foundation ensures stability and reduces vulnerability to market fluctuations.

5. Government Support and Development

Proactive government policies and infrastructure development have fueled the region's rapid growth. Streamlined processes and incentives for businesses and investors make the Inland Empire an increasingly attractive destination for commercial ventures.

Why a Commercial Appraisal Matters

A detailed commercial appraisal in Inland Empire is a critical tool for understanding the true value of a property. Appraisals provide insights into market conditions, potential growth, and risk factors, empowering investors to make strategic decisions. With the region's fast-paced growth, accurate and professional appraisals are essential to capitalize on opportunities while avoiding pitfalls.

Conclusion

The Inland Empire is a thriving commercial real estate market, offering immense potential for investors and businesses. Its strategic location, affordability, and economic diversity make it one of California's most dynamic regions for real estate development. To succeed in this market, partnering with professionals like Moore Real Estate Group is key. Their expertise in commercial appraisal ensures you gain accurate property evaluations and valuable market insights, helping you make confident and informed investment decisions. The Inland Empire is more than a location—it's an opportunity to shape your financial future.

[3rdeyeblaque]

Today we venerate Benjamin Rucker aka Black Herman on his 134th birthday 🎉

Heralded as the greatest magician in U.S. history, Black Herman was brilliant for his fusion of performance magic with occultism & superstition, and his strong Separatist & militant Pan-Afrikan ideologies (Marcus Garvey x Booker T. Washington). He proclaimed that it was his mission to promote Black Power.

Born in Amherst, VA, as a teen, Black Herman learned the art of illusions from his mentor, Prince Herman. They ran a medicine show, performing magic tricks to attract curious passersby to their "Secret African Remedy". When Prince Herman, 17yr old Rucker was determined to carry on the show; this time using only magic. He then took on the name of, "Black Herman"; in honor of Prince Herman & as an homage to Alonzo Moore, the famous Black American magician who was known as the "Black Herrmann".

In Harlem, Rucker established himself as a pillar of the community. He was often seen in Garvey’s massive Harlem parades & is believed to have offered Garvey spiritual counsel. He befriended preachers, intellectuals and politicians, many of whom met at his home for a weekly study group. He was an Elk, a Freemason, and a Knight of Pythias. He used his success to make loans to local Black businessmen/organisations, established scholarship funds, & performed for free to help churches pay their bills. He expanded his wealth by purchasing a printing plan to establish a monthly magazine, "Black Herman’s Mail Order Course of Graduated Lessons in the Art of Magic". He acquired real estate, bought shares in two cotton plantations, gave personal consultations, & started herb/root gardens in a dozen cities.

Black Herman famously claimed that he was immortal & directly descended from Moses of the Bible. He asserted that our people could elude Klansmen & their descendants by escaping the limitations of mortality & simply outliving them. He'd also sell protective talismans to combat racism. He inserted his Afrikan heritage into his performances. One of his specialties included the “Asrah levitation.” He'd produce rabbits & doubled the amount of cornmeal in a bowl. Many of his tricks were "secrets taught by Zulu witch doctors". Some of his tricks were parallel to miracles from the Christian bible. He'd cast out demons from his assistant or brother hidden amongst the audience, then offer a special tonic for sale & offer a psychic reading address their “problems”.

Yet none compared to his most famous act of all, "Buried Alive". He would be interred in an outdoor area called "Black Herman's Private Graveyard", in full view of his audience. He'd slow his pulse by applying pressure under his arm, & pronounced "dead" on the spot by a local "doctor". As the coffin was lowered into the ground, Herman would slip out unnoticed. For days, people would pay to look at the grave, buidling the suspense over the fate of Black Herman. When the time was up, the coffin was exhumed with great drama and fanfare, and out walked Herman to lead his audience into the nearest theater, where he performed the rest of his show.

Eerily enough, his must famous act foreshadowed his own death in 1934 in which he collapsed on stage due to a massive heart attack that many audience members took to be part of his act. After the crowd refused to believe that the show was indeed over, Black Herman's assistant had his body moved to a funeral home. The crowds followed. Finally, his assistant decided to charge admission as one final farewell & homage to Black Herman's legacy. People came and went by the thousands; some even brought pins to stick into his corpse as proof of his death. His burial made front page news in Black newspapers across the country. Today, Black Herman rests in the Woodlawn Cemetery in NYC.

In 1925, he published a book, ghostwritten by a man named Young entitled, "Secrets of Magic, Mystery, and Legerdemain"; a semi-fictionalized autobiography that offers directions for simple illusions, advice on astrology & lucky numbers, & bits of Hoodoo customs and practices.

"If the slave traders tried to take any of my people captive, we would release ourselves using our secret knowledge." - Black Herman during his rope escape routine.

We pour libations & give him💐 today as we celebrate him for his love & service to our community/people & for his legacied contributions to Hoodoo Culture & History.

Offering suggestions : read his literary works, libations of whiskey/rum, Pan African flag, coins & paper money

‼️Note: offering suggestions are just that & strictly for veneration purposes only. Never attempt to conjure up any spirit or entity without proper divination/Mediumship counsel.‼️

[stormlit]

amalia's maker, george, was an english earl and a real centre of the high society vampire set in the georgian/regency eras, knowing anyone who was anyone in the vampire world — with more than one of them also being titled aristocracy, part of the human ton. he would host lavish parties at his country estate for vampires, places where the rules were relaxed and they could feed, hunt on the moor, and have sex without society's Rules. they were exclusive and a great time; humans even found out about them, and were desperate to be able to attend. of course, that only happened one of two ways: as food, or as fledglings.

these society vampires weren't a coven in the traditional sense (with a slightly culty hierarchy, leaders, or strict rules) but they were an insular group nonetheless. vampires are so often solitary and it helped them to have each other. the main unspoken rule was that they couldn't kill titled humans or important families on a whim, because they'd be noticed. beyond that, a lot of them also took part in the human ton's london seasons, always with an air of superiority, like they were laughing at them. and maybe they didn't kill the lords, but the maids were fair game.

amalia (a maid before she was turned) never liked them, however much she pretended, however much she was a part of them, and she never enjoyed the parties, either. once her maker's dead and she's inherited his property, they wind down. rumours are that she has smaller soirées with people she actually considers friends, but nobody who attends talks.

[beardedmrbean]

1. More trams and buses in Brussels from Monday

An improved provision of Brussels public transport will reduce waiting times on several trams and bus lines in the Capital Region from Monday 6 March. Read more.

2. One hundred students test new Dendermonde prison

A new "humane" prison that was completed at the end of last year will have its official opening in the coming weeks. Before inmates are relocated to the site in Dendermonde, security procedures will be tested by young people in the "Defence and Security" work-study programme on Tuesday. Read more.

3. Fedasil looks to canal boats to house refugees

Fedasil is urgently seeking additional reception places for asylum seekers and wants to house them on canal boats in Belgian ports, as stated in a letter sent by State Secretary for Asylum and Migration Nicole de Moor to port authorities. Read more.

4. Emilia Chini (75) found dead in woods six days after going missing

Emilia 'Emilietta' Chini, the 75-year-old woman with dementia who went missing from her home in Maasmechelen, Limburg last Wednesday, was found dead during a search in nearby woods. Read more.

5. Woluwe-Saint-Pierre the most expensive place to rent in Brussels

Woluwe-Saint-Pierre has been named the most expensive place to rent in Brussels, while Jette is the municipality with the cheapest rental accommodation in the Capital Region, according to data released on Monday by Federia, the Federation of French-speaking Real Estate Agents in Belgium. Read more.

6. One shared car 'replaces ten private cars' in Flanders

Each shared car in circulation in Flanders takes between three to ten private cars off the street, according to statistics published by the car-sharing non-profit Autodelen.net. A study conducted by the group highlights a positive dynamic in car-sharing services, which grew by 40% in popularity last year. Read more.

7. Today in History: Death of Belgian poet and playwright Liliane Wouters

On this day, 28 February 2016, the famous Belgian poet and playwright Liliane Wouters died at the age of 86 in the Brussels municipality of Ixelles, where she spent most of her life. Read more.

[liminal-librarian]

My favourite group of children's stories usually went like this: kid sees something they want and the first thing they think of is very much a case of 'biting off more than his parents think he can chew,' (I'm going to go buy enough land to have a tree of my own to put a tree house in, with my life savings of $47.72) but they trust the adult he's biting off from to see it coming and have no benefit possible from defrauding their child so they're like, 'Oh, ok, I doubt they'll go along with that but you can always ask.'

And the rich lady on the hill is like, 'heh, sure ok, I'll have my lawyer write up a deed of sale and etc.' (Which for sure costs more than 47$ but ok. But having an interested 10-year-old trying to be a good neighbour will probably make a better fire watch than anything she can afford. And he gets the treehouse he wants out of the deal. But she's going to make sure the paperwork is kept straight for legal and insurance reasons, and for other reasons that will become clear later.)

So you get all these lessons on property ownership and state regulations and immanent domain and citizen autonomy distilled down and explained at a 10-year-old's level.

Does the story have a kid getting to try a grown-up thing for themselves? Yes for sure.

Are the adults absent or disinterested? No! Do they stop him from doing the thing? Also no! They give useful advice and warnings, but let him go ahead.

So anyway, yeah, the rich lady uses him as a cat's paw to really fuck up the lives of several annoying state bureaucrats who are scheduled to 'steal' her land (for the public good) later. But we only hear rumours of her perspective from his parents theorising things after the fact. The perspective we get is from the kid, when the state wants to come and buy his land from him assessed at ~5 times what he paid for it, but he doesn't want the money he wants his tree house.

And the contractors are like, we need to cut this tree down or it will mess up the clay layer we need to apply next or the lake won't work right. But the kid has his court order filed in time so that doesn't happen. (help from his dad.) But when it actually goes to trial, his parents and the rich lady's lawyer all agree he should present his case himself. So he does.

Long story short, they let him 'not sell' his land to the state for imminent domain money, but he has to be content with owning Lakebottom property instead. His tree does get cut down, but it's taken so long they can't rip out the stump like they wanted to, so they put a super huge eye bolt in it. And maybe process the tree into lumber for him or something else, I don't remember.

And he gets a houseboat and mooring out of the deal instead of a treehouse. And the state has to provide him with a canoe instead of a driveway. (Because the state law is like that.)

But yeah, he has his adults helping him and supporting him in doing an adult thing that he wants to do (other than being cannon fodder). And I'm sure that it was properly researched for whatever state it was set in. But it wasn't my state so I'm not going to trust it to be accurate legal advice or anything.

But it's social studies the way it should be taught at that age. It's not 'this is what a fireman looks like' and 'this is what a policeman looks like' these are what their jobs are. etc. This one was about a kid with a goal, learning to navigate the system to achieve that goal properly. And given that we live in a society, compromises had to be made.

I wish I'd had a whole series of books like that, covering every major aspect of life. Instead of only real estate, banking, and getting a job. And the one on getting a job was shit out of date.

ok i think what gets me about the kind of post that's like '[children's media] has child soldiers, where are their parents!!' is that those stories really and truly aren't for people who'll think about that, they're for the people the children's age, who don't, for the most part, want to be kept safe or told they're too young to participate in the world, they want to be given a sword

[justinbrennan]

Emotional Intimacy | Justin Brennan

Emotional Intimacy | Justin Brennan https://www.youtube.com/watch?v=T2zrOBsdZJA Sometimes, the best thing a man can do for his partner is just listen. Don’t rush to fix, solve, or rationalize. Simply hold space. 🤝 Please visit my website to get more information: https://ift.tt/0IbWV4J 🔔 Unlock multifamily real estate success! Subscribe for inspiring podcast insights on acquiring and developing multifamily properties, success stories, & growth strategies. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 🔗 Stay Connected With Me. 👉 Facebook: https://ift.tt/mBkgrKe 👉 Instagram: https://ift.tt/Tmb3WoC 👉 Linkedin: https://ift.tt/AUZamCI 👉 Watsapp: https://ift.tt/gyHur0Q 👉 Website: https://ift.tt/0IbWV4J ============================= 🎬 Recommended Playlists 👉 APARTMENT INVESTING https://www.youtube.com/playlist?list=PLStA37XUJ_FH8nPpDK_bQksoz9F8G9-Fo 👉 A2G Short Clips https://www.youtube.com/playlist?list=PLStA37XUJ_FGBgSZU_GQ_6KhXcTAxVG_B 🎬 WATCH MY OTHER VIDEOS: 👉 Buying A Multifamily In 90 Days For $18,000: Case Study With Justin Brennan https://www.youtube.com/watch?v=AsPrXZi_LFI 👉 ADU's Flipping & Real Estate with Brian and Nick | Abundance2Give https://www.youtube.com/watch?v=t_94wkQJwKc 👉 Las Vegas Mafia & Real Estate with Rob Brown | Justin Brennan | Abundance2Give https://www.youtube.com/watch?v=p2ZM8ehsxG0 👉 How To Buy Multifamily Apartments In 90 Days | Multifamily Investing https://www.youtube.com/watch?v=neG5DujMGfg 👉 The future of San Diego | Justin Brennan https://www.youtube.com/watch?v=2xxR21SSRPc ============================= ✅ About Justin Brennan. Welcome to Justin Brennan's channel! As CEO of The Brennan Pohle Group, I focus on acquiring and developing multifamily properties across the U.S. With over 500+ units and $157M in assets, my team and I aim for 10,000+ units and $4B in assets. Here, I share my journey and expertise in real estate, from title insurance to property management. Join me for insights on multifamily real estate, investment strategies, and personal growth. Subscribe for tips on achieving financial freedom and giving back. 🔹EXPERIENCE • Licensed REALTOR ®DRE#01866398 • 15 years experience as a Realtor and Investor • Former Asset Manager for Chase & Fannie Mae. (Handled thousands of distressed properties, short sales, and REOs throughout the USA.) 🔹EDUCATION: • Degree in Finance & Marketing - Pepperdine University • Masters Degree in Business - University of San Diego • Masters Degree in Real Estate Development - University of San Diego Burnham Moores • Certified Distressed Property Expert (CDPE) • Certified Investor Agent Specialist CIAS) 🔔Ready to master the multifamily real estate game? Subscribe for expert insights & podcasts on multifamily investments, growth tactics, and industry expertise. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 ================================= ADD HASHTAG HERE Disclaimer: Any information or advice on this channel is for educational and general guidance only. Justin Brennan and his affiliates shall not be liable for any damages from using the content. Consult a financial advisor before making investments. All information is provided 'as is' without warranties. Links to other websites are for convenience; read their privacy statements. Comments are reviewed and may be deleted if inappropriate. Public comments do not reflect the views of Justin Brennan and his affiliates. Copyright Notice: This video and my YouTube channel contain dialogue, music, and images that are the property of Justin Brennan. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube channel is provided. Justin Brennan, JustinCBrennan.com, Multifamilyi.com, MultifamilySchooled.com, BrennanPohle.com. All Rights Reserved. © Justin Brennan via Justin Brennan https://www.youtube.com/channel/UCjR741czRkmAzoBKAlrPf6Q November 23, 2024 at 03:13AM

[paulsmarj]

🎉 𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗮𝗺𝗮𝘇𝗶𝗻𝗴 𝗯𝘂𝘆𝗲𝗿𝘀 𝗼𝗻 𝘁𝗵𝗲𝗶𝗿 𝗻𝗲𝘄 𝗵𝗼𝗺𝗲 𝗮𝘁 𝟳𝟮𝟳 𝗛𝗮𝗺𝗺𝗼𝗻𝗱 𝗦𝘁𝗿𝗲𝗲𝘁, 𝗕𝗮𝗻𝗴𝗼𝗿, 𝗠𝗘 𝟬𝟰𝟰𝟬𝟭! 🏡✨ This beautifully renovated home in the Fairmont neighborhood features high ceilings, elegant hardwood floors, an impeccably designed kitchen with quality cabinets, granite countertops, an island, pantry, and exquisite lighting fixtures, a spacious mudroom, 4 bedrooms, 2 full baths, a large backyard, and is conveniently located near schools, parks, shopping centers, dining options, hospitals, interstate access, and downtown. A heartfelt thank you to: Gateway Title of Maine, Inc. for ensuring a smooth closing Kevin Moore of Rocket Mortgage for expertly handling the financing Melissa Bartlett and Samantha Allen of Better Homes & Gardens Real Estate/The Masiello Group for representing the seller with professionalism Welcome to your new home! 🏡💖 #NewHome #HomeSweetHome #JustSold #BangorME #FairmontNeighborhood #DreamHome #HomeBuyers #RealEstate #HomeRenovation #Congratulations #WelcomeHome #SmoothClosing #HomeFinancing #RealEstateSuccess #HappyHomeowners #Remaxcollaborative #Mainerealestate http://dlvr.it/TC0mKT

[lakelandg]

Lakeland Realtors Installs 2024 Officers and Directors

Lakeland Realtors installed the association’s 2024 officers and directors during its annual installation and awards luncheon on December 15 at the Magnolia Building. Petra Norris, a broker with the Lakeland Real Estate Group, will lead the association as its 2024 president. Geoffrey Ingram with WebPro Realty was installed as president-elect. Brandon Moore-Johnson with BHHS Florida Properties…

[moorerealestategroup]

Hiring a Commercial Real Estate Appraiser in Los Angeles: What You Need to Know

Investing in commercial real estate in Los Angeles can be a lucrative decision, but knowing the true value of a property is essential for making informed choices. A commercial real estate appraiser in Los Angeles provides expert evaluations, helping you understand the property's market value accurately. Here's a guide to what a commercial appraiser does and how the appraisal process works.

 What is a Commercial Real Estate Appraisal?

A commercial real estate appraisal is an objective estimate of a property's current market value, which is critical for anyone buying, selling, or financing commercial property. Los Angeles has a complex and competitive real estate market, and a commercial appraiser brings valuable insights into local conditions, ensuring that your property's value is accurate and up-to-date.

Why You Need a Commercial Real Estate Appraiser in Los Angeles

The Los Angeles real estate market can be challenging to navigate. A professional appraiser provides the knowledge and expertise to help you:

Avoid overpaying for property

Secure financing or refinancing

Resolve tax and legal disputes

Set an accurate sale price

A commercial real estate appraiser in Los Angeles offers insights into regional market trends and helps ensure the property's valuation aligns with current conditions, giving you a solid basis for decision-making.

Step-by-Step Guide to the Commercial Appraisal Process

Step 1: Define the Appraisal's Purpose and Scope

The first step in the appraisal process is clarifying the reason for the evaluation, which impacts the report's scope, timeline, and costs. Common reasons include:

Property purchases and sales

Refinancing

Legal settlements or estate planning

Tax and insurance requirements

Step 2: Conducting a Property Inspection

The appraiser conducts a thorough inspection, examining:

Size and layout of the property

Building condition (structure, roof, foundation)

Location and accessibility

Zoning and environmental compliance

This step helps the appraiser understand the property's physical features and unique qualities that could impact its value.

Step 3: Collecting Data and Performing Market Research

Appraisers gather data on external factors affecting the property's value, including:

Market trends: Supply and demand for commercial real estate in Los Angeles

Comparable sales: Recently sold properties that are similar in size, type, and location

Income potential: For rental properties, appraisers consider income, occupancy rates, and market rents

This research positions the property within the broader Los Angeles market, allowing for a more accurate valuation.

Step 4: Selecting an Appraisal Method

The appraiser uses one or more standard approaches to determine the property's value:

Sales Comparison Approach: Analyzes recent sales of similar properties

Income Approach: Evaluates income potential for properties that generate rental revenue

Cost Approach: Considers the cost to rebuild or replace the property minus depreciation

The chosen method depends on the property type and the purpose of the appraisal.

Step 5: Analyzing the Data and Determining Property Value

Once all relevant information is gathered, the appraiser evaluates the data to estimate the property's market value. This analysis considers:

The property's condition and attributes

Current market trends in Los Angeles

Comparable sales and income potential

The result is an evidence-based valuation that reflects the property's true worth.

Step 6: Preparing the Appraisal Report

The final report provides a comprehensive analysis, including:

A summary of the appraiser's findings and methods used

The final market value estimate

Supporting data, such as market trends and comparable properties

This report is a key document for buyers, sellers, lenders, and legal representatives, providing reliable information for making well-informed decisions.

Factors Affecting Commercial Property Value in Los Angeles

Appraisers consider several elements when determining property value, including:

Location: Proximity to transit, amenities, and commercial centers

Condition: Structural soundness, building upkeep, and repair needs

Market trends: Supply, demand, and competitive property values

Economic outlook: Job growth, new developments, and economic indicators

Tips for Choosing a Commercial Real Estate Appraiser in Los Angeles

Selecting the right appraiser ensures an accurate and reliable valuation. Look for:

Local experience: An in-depth understanding of the Los Angeles market is invaluable

Licensing and certification: Verify credentials to ensure they meet industry standards

Reputation: Check reviews and feedback from previous clients

Specialization: Some appraisers focus on specific property types, such as office buildings, industrial spaces, or retail properties

Hiring a qualified appraiser with Los Angeles expertise can greatly impact the accuracy of your property's valuation.

Conclusion: The Importance of a Commercial Real Estate Appraiser in Los Angeles

Investing in commercial real estate involves significant financial commitments, and an accurate appraisal is essential for making sound decisions. A commercial real estate appraiser in Los Angeles brings the experience and knowledge needed to ensure your property's valuation reflects true market conditions. Whether you're buying, selling, or handling legal or financial matters, an expert appraisal gives you the confidence to proceed with clarity. At Moore Real Estate Group, we provide accurate, timely appraisals to support your real estate decisions in Los Angeles. Contact us today to schedule an appraisal and gain insight into your property's true value!

[christianlanden]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[lindaboggers]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[georgeschuylerfinance]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending. 

[justinbrennan]

Business Beyond Money | Justin Brennan

Business Beyond Money | Justin Brennan https://www.youtube.com/watch?v=Bcmv2D2L2Bc ADD SHORT DESCRIPTION Please visit my website to get more information: https://ift.tt/veHJG16 🔔 Unlock multifamily real estate success! Subscribe for inspiring podcast insights on acquiring and developing multifamily properties, success stories, & growth strategies. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 🔗 Stay Connected With Me. 👉 Facebook: https://ift.tt/tJhi5xC 👉 Instagram: https://ift.tt/s8QuqFS 👉 Linkedin: https://ift.tt/OTBewu5 👉 Watsapp: https://ift.tt/BElF1id 👉 Website: https://ift.tt/veHJG16 ============================= 🎬 Recommended Playlists 👉 APARTMENT INVESTING https://www.youtube.com/playlist?list=PLStA37XUJ_FH8nPpDK_bQksoz9F8G9-Fo 👉 A2G Short Clips https://www.youtube.com/playlist?list=PLStA37XUJ_FGBgSZU_GQ_6KhXcTAxVG_B 🎬 WATCH MY OTHER VIDEOS: 👉 Buying A Multifamily In 90 Days For $18,000: Case Study With Justin Brennan https://www.youtube.com/watch?v=AsPrXZi_LFI 👉 ADU's Flipping & Real Estate with Brian and Nick | Abundance2Give https://www.youtube.com/watch?v=t_94wkQJwKc 👉 Las Vegas Mafia & Real Estate with Rob Brown | Justin Brennan | Abundance2Give https://www.youtube.com/watch?v=p2ZM8ehsxG0 👉 How To Buy Multifamily Apartments In 90 Days | Multifamily Investing https://www.youtube.com/watch?v=neG5DujMGfg 👉 The future of San Diego | Justin Brennan https://www.youtube.com/watch?v=2xxR21SSRPc ============================= ✅ About Justin Brennan. Welcome to Justin Brennan's channel! As CEO of The Brennan Pohle Group, I focus on acquiring and developing multifamily properties across the U.S. With over 500+ units and $157M in assets, my team and I aim for 10,000+ units and $4B in assets. Here, I share my journey and expertise in real estate, from title insurance to property management. Join me for insights on multifamily real estate, investment strategies, and personal growth. Subscribe for tips on achieving financial freedom and giving back. 🔹EXPERIENCE • Licensed REALTOR ®DRE#01866398 • 15 years experience as a Realtor and Investor • Former Asset Manager for Chase & Fannie Mae. (Handled thousands of distressed properties, short sales, and REOs throughout the USA.) 🔹EDUCATION: • Degree in Finance & Marketing - Pepperdine University • Masters Degree in Business - University of San Diego • Masters Degree in Real Estate Development - University of San Diego Burnham Moores • Certified Distressed Property Expert (CDPE) • Certified Investor Agent Specialist CIAS) 🔔Ready to master the multifamily real estate game? Subscribe for expert insights & podcasts on multifamily investments, growth tactics, and industry expertise. https://www.youtube.com/@JustinBrennan/?sub_confirmation=1 ================================= ADD HASHTAG HERE Disclaimer: Any information or advice on this channel is for educational and general guidance only. Justin Brennan and his affiliates shall not be liable for any damages from using the content. Consult a financial advisor before making investments. All information is provided 'as is' without warranties. Links to other websites are for convenience; read their privacy statements. Comments are reviewed and may be deleted if inappropriate. Public comments do not reflect the views of Justin Brennan and his affiliates. Copyright Notice: This video and my YouTube channel contain dialogue, music, and images that are the property of Justin Brennan. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube channel is provided. Justin Brennan, JustinCBrennan.com, Multifamilyi.com, MultifamilySchooled.com, BrennanPohle.com. All Rights Reserved. © Justin Brennan via Justin Brennan https://www.youtube.com/channel/UCjR741czRkmAzoBKAlrPf6Q November 12, 2024 at 01:16AM

[saltygardenerlove]

Magazine: 2023 Movers & shakers | propertyEU

Ten investment managers and three advisors have been named by market participants as movers and shakers in the new unfolding European real estate investment market.  

  1  Cale Street Partners

The company was founded by former Goldman Sachs global head of real estate, Ed Siskind. The capital comes from the Kuwaiti Investment Authority, which initially backed it with $1.5 bn in 2014. Dalamal has been with the company since 2019, having joined from Och-Ziff where he was head of European commercial real estate credit. Prior to that he was with Deutsche Bank in its European commercial real estate group for six years. Cami has been with the company since inception. He was formerly with Goldman Sachs at the same time as Siskind. 

 2  Ares Management

The global firm has a very longstanding real estate equity investing history in the US and Europe, but only entered European real estate credit relatively recently.  Philip Moore  was hired in 2021 having served as head of European real estate debt at Carlyle flagship credit opportunities fund where he headed real estate within the firms opportunistic credit business. The team has completed 1.1 bn of lending in the last 15 months since launching in January 2022 and all in the whole loan/senior space. The team is seeing significant demand and opportunity in refinancings.

3  Apollo Management

The New York-headquartered company is an active real estate investor and lender throughout Europe, across the risk-return spectrum. Apollo  s perpetual, balance sheet capital from the company  s retirement services business gives the firm flexibility and creativity when structuring and underwriting transactions. Its capabilities extend through its special situations vehicles to a series of different businesses including commercial real estate debt and core-plus strategies each able to create and take on idiosyncratic solutions. The London group is led by  Skardon Baker  as head of its large European Principal Finance (EPF) special situations funds and its European RE platform. Other notable names are partners who report to Baker such as  Ed Jones ,  Ivo Kolev ,  Samuele Cappelletti  and  Seb Zillas .  Ben Eppley  leads the CRE debt business, while  Boris Olujic  and  Frederick Neske  lead the core-plus RE business. The European real estate team collaborates closely with their credit and equity colleagues around the globe, including  Jamshid Ehsani , a partner in Apollo  s credit franchise that originated the Vonovia transaction. Baker said Apollo had ‘unique and flexible capital  , helping it capitalise on the illiquidity and market distress currently underway in many European markets.

4  The Blackstone Group

No prizes for guessing Blackstone makes it onto the list given its track record, vast financial investing resources, and ability to play in both large cap equity and debt spaces. The firm is a perennial dealmaker, making it to Number One spot in the annual PropertyEU Top 100 Dealmakers ranking with a combined 21.1 bn worth of transactions for the year 2022. There will be no slacking off. Head of Europe real estate,  James Seppala , told PropertyEU in a recent interview that Europe was providing compelling investment opportunities. He added: In fact, Europe is the most active area for capital deployment on a global basis at the moment.   The firm is working towards a first close of its latest Europe opportunistic fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII), seeking $10 bn (9.2 bn) of equity commitments.   

5  Cheyne Capital Real Estate

One of the most active credit firms out there, this firm is certainly one to watch. Since launching in 2000, Cheyne Capital has become one of Europes leading alternative investment managers. Headquartered in London, it invests across the capital structure from the senior debt to equity of corporates and real estate. Real estate investments account for approximately half of the firms 10 bn under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing. In real estate lending, it has carved out a niche for specialised non-bank loans to borrowers in select European markets, staying flexible to invest into all parts of the capital stack. Market participants say  Arron Taggart , head of UK investment, along with  Raphael Smadja  and  Daniel Schuldes , co-heads of Europe, are key people to know. 

 6  Starwood Capital Group

More typically, the US group is known as an opportunistic equity investor, but it also combines this with credit. In Europe, the firm continues to be very active and is expected by many to play a part in the unfolding dislocation in the region. The company has been working credit situations in the US for over 30 years and has deployed almost $100 bn in commercial real estate lending globally since 2009. But Europe is becoming a major focus according to  Lorcain Egan , MD and co-head of Europe responsible for the groups lending platform. He said in an interview that its international lending business is now nine times bigger than it was in 2018. He confirmed Europe was a huge growth area and the dynamics were ‘as good as the firm has seen for at least a decade.   He joined the company in 2013, having been a VP at Barclays Bank in its structured property debt finance team in London. The big push in Europe began in 2018 when the company saw the potential for non-bank lenders to fill a gap left by banks. 

 7  KKR

KKR is another of the US private equity alternatives firms expected to play a greater part in matters going forward. Global head of real estate, Ralph Rosenberg, wrote in his second-quarter review recently: ‘In our view, the dislocation may create a once-in-a-decade investing opportunity in real estate, but investors should also be prepared to weather the storm.   He points to the second and third-order effects of banks pulling back and a potential looming credit crunch due to the sudden rise in interest rates. He wrote that this creates the potential for a credit crunch impacting certain owners and asset types that will no longer have the same access to debt capital  . Market participants say in Europe  Ali Imraan  is one to watch as head of European real estate credit. He joined KKR in January 2022 having previously been at Citi bank, Royal Bank of Scotland, and most recently MD of debt investments and special situations at LaSalle Investment Management. KKR launched a European real estate debt platform last year. On the equity side, it is currently raising KKR Real Estate Partners Europe III. Its second fund closed on $2.2 bn (  2 bn). 

 8  Brookfield Asset Management

With its long-term investment focus, the Canadian firm will always be found where there is an opportunity to be had. In recent years, it has invested significantly across Europe, with over   45 bn of assets in nine different countries and across a number of different sectors, including alternative real estate segments where it has been building platforms. Transactions of particular note include the establishment of a life sciences platform, ARC, and the acquisitions of Hibernia REIT and Befimmo. One has to expect it will continue to find big new opportunities to create value, in some cases driven by credit issues or public companies finding it more challenging to raise money. The company has plenty of firepower at its disposal and is said most recently to be seeking $15 bn of equity for its flagship strategy.  Brad Hyler  is managing partner and head of Brookfield  s real estate business in the region. 

 9  LaSalle Investment Management

Michael Zerda  is the go-to professional here for debt, equity, and everything in between. As co-CIO for Europe and head of debt and private equity strategies, he oversees a business regarded as much more than just lending but tapping into the team  s hybrid opportunistic equity and special situations roots in this market. He helped create LaSalles debt and special situations business after the global financial crisis, left in 2015 to join Blackstone as head of Europe real estate debt strategies, and rejoined LaSalle in 2021 in a new elevated role. LaSalle lending business has become very active recently across whole loans and mezzanine, recently providing a   325 mln mezzanine loan to refinance a large Iberian hotel portfolio, among others. The equity business has been active in non-traditional, counter-cyclical sectors, including designer outlets and education hubs, as well as partnering with numa, a tech-enabled hybrid hotel operator to aggregate urban accommodation in gateway European cities. Zerda brought on board  David White  to head LaSalle  s real estate debt strategies in Europe and  Blake Loveless  to lead its European private equity division. 

 10  BentallGreenOak (BGO)

BGO is a very active lender in Europe and has a sizeable equity capability via large funds. In the UK it provides senior, whole loans and mezzanine debt. The bulk of the lending revolves around transitional real estate and core plus. Its website says the UK and European Lending Program is able to advance loans for acquisition finance, refinance, finance of discounted payoffs and redevelopment/capex loans from   5 mln to over   200 mln for up to 7-year terms. GreenOak Europe Secured Lending Fund III beat its   800 mln target by closing on   869 mln in Q1 2021. Its third UK Secured Lending Fund closed on    1.43 bn last year. The business is part of SLC Management owned by Sun Life of Canada.  Martin Sheridan  is MD for BGO’s UK debt business.  Laura Manthe  is a principal of real estate lending.