“Will the Federal Reserve continue to raise rates?” This was the question posed by Victor Calanog, global head of research and strategy for real estate private markets at Manulife Asset Management, during his presentation at Connect Investment & Finance 2023. According to Calanog, it is likely that they are either finished raising rates or close to being done. In light of this possibility, he raised another important question: what will prompt them to pause or lower rates?
In the video below, you can listen as some of the top commercial real estate experts gathered by Connect Events share their insights from the Oct. 24 event in Rosemont, IL. Among these experts is Eric Enloe, senior managing director at Partner Valuation Advisors who noted that while there is still demand for real estate in certain areas,”the pricing has shifted.”
On the financing side of things,RStratos Anhanassiades,rregional manager for Midwest operations at Red Oak Capital Holdings,rsummed uprthearlevelrof caution lenders have taken on in today’s market.”We must carefully consider each loan and ensure we can exit within two years,” he explained.rHowever,rhe also mentioned that aside from CBD office properties,his team has been actively involved with a varietyrof property types.
This post features a video highlighting key takeaways from Connect Investment & Finance 2023 without mentioning any specific events or locations associated with “Connect.”
