Initial thoughts on Trump’s win
Genevieve Signoret
Letter from Queretaro Feeling sober We believe that the world has changed. We are watchful and studious, bent on figuring out what exactly is emerging, in particular in Washington DC. We’re encouraging clients to think and act slowly, execute risk management plans methodically, bear in mind their investment horizons (ward off wasteful anxiety over short-term […]
Opportunities in U.S. commercial real estate for Latin American investors
John Greenman
Letter from Denver In this blog post, we comment on a Special Foreign Investment Report titled Foreign Investment in U.S. Real Estate Remains Elevated; Capital Preservation and Stability Often Prioritized Over Yield from the research group at Marcus & Millichap (M&M), a U.S. brokerage company specializing in commercial real estate investment sales in the so-called […]
¿Por qué y en cuáles propiedades de oficinas conviene invertir? Segunda parte
John Greenman
Carta desde Denver Esta es la Segunda parte de una serie en dos entregas dedicada a explicar, por un lado, por qué inversionistas de todo tipo tienden a preferir propiedades de oficinas y, por otro lado, qué criterios de selección de tales oficinas recomendamos para inversionistas privados (individuos o familias de alto patrimonio). En la […]
¿Por qué y en cuáles propiedades de oficinas conviene invertir? Primera parte
John Greenman
Carta desde Denver En el mundo de las inversiones inmobiliarias comerciales, las propiedades de oficinas pueden ser una opción controvertida. Los críticos afirman que los edificios de oficinas demandan más capital y son más volátiles en sus rendimientos que los demás tipos principales de propiedades, como las multifamiliares, industriales y de comercio minorista. (Dejamos de […]
Why office properties and which ones? Part 2
John Greenman
Letter from Denver This is Part 2 of a two-part series to point out why investors of all types tend to like office properties and, for private (high net-worth) investors, offer office building selection criteria. In Part 1, we explained why funds focused on total returns and institutional investors will want sizeable portfolio allocations to […]
Why office properties and which ones? Part 1
John Greenman
Letter from Denver Within the world of commercial real estate investing, office properties can be a controversial investment choice. Critics say that office buildings are more capital-intensive and more volatile in their returns than the other major property types—namely, multi-family, industrial, and retail. (Here we leave aside the hotel sector as in reality a hotel […]
Nadar a favor de la corriente en los bienes raíces comerciales
John Greenman
Carta desde Denver En el artículo titulado “Colorado y el Oeste toman la delantera en el maratón de aumento en el empleo tras la recesión“, el Denver Post ilustra un importante principio de la inversión en bienes raíces de uso comercial. Señala que la mejor manera de adquirir una buena propiedad es usar un enfoque […]
Swimming Downstream in Commercial Real Estate
John Greenman
Letter from Denver In “Colorado and the West are winning the post-recession marathon of job gains“, the Denver Post illustrates an important principle of commercial real estate investment, which is that the best way to make a successful property acquisition is to use a “top-down” approach—start with confidence in a geographic market on a macroeconomic […]
El riesgo del Brexit impulsa pocos cambios en nuestras estrategias
Genevieve Signoret
Carta desde Querétaro Según las encuestas, el riesgo de que los votantes del Reino Unido decidan abandonar la Unión Europea es de aproximadamente el 50%. Si optan por ello, el resultado probable a nuestro entender será que todos los activos de riesgo se liquidarán durante uno a tres meses y que, durante este período, repuntarán […]
Brexit risk spurs little change in our strategies
Genevieve Signoret
Letter from Queretaro According to polls, the risk that United Kingdom voters will choose to leave the European Union is about 50%. If voters choose to leave the EU, the likely outcome in our view is that all risk assets will sell off for 1–3 months and that, during this time, safe-haven asset classes will […]