With more than two decades as a major league baseball player, Alex Rodriguez generated impressive statistics including a .295 batting average, 3,115 hits, 2,086 RBIs and 696 home runs. Upon his retirement from the sport he turned to business and now holds multiple leadership titles with co-founding principal for Monument Capital Management focusing solely on multifamily investments. Recently Rodriguez teamed up with Walker & Dunlop Chairman and CEO Willy Walker at a Monument Capital conference in Florida where they discussed sports – focused on Rodriguez’s career work ethic and dedication to preparation – as well as the Federal Reserve bank failures current economic situation all in relation to commercial real estate (CRE) specifically multifamily investments.
Walker noted that despite some hopeful commentary it is unlikely that the Fed will hit “pause” on Effective Federal Fund Rate increases due to Silicon Valley Bank’s failure along with Signature Bank not stopping them from pushing rates even if contagion was possible. Both men agreed that discipline is key when investing; focus should be placed in one or two areas rather than attempting scale which can lead investors into trouble during times of volatility such as this one we are currently experiencing.
Rodriguez added that their singular focus has put Monument Capital into an advantageous position while also noting agency financing available for many deals within CRE especially multifamily assets making it easier for investors who own other asset classes such office retail etc., access liquidity through selling off these properties at low cost instead of refinancing them allowing them harvest out of their multi-family exposure which had liquidity present within its market place thus creating opportunity even when negative leverage is involved due largely because renters remain in place given extremely low inventory levels of starter homes plus no new supply being built because banking crisis prevents shovels going into ground anytime soon resulting clients buying these assets despite negative leverage seeing potential benefit two years down line road .
