Your Daily Digest for Real Estate Investing, 10/23/2020

Gap closing hundreds of stores, hotels into apartments, reeling REITs, Party City not investing in Halloween so much, and a look at a millionaire-making REIT.

In Today’s News

Gap Inc. Closing 350 Stores in Transition From Malls to E-Commerce

More bad news for the beleaguered brick-and-mortar crowd as Gap (NYSE: GPS) announces plans to close 350 Gap and Banana Republic stores, including about 225 in the next year.

Why it matters: Wall Street loved the news, driving up the company’s stock, but retail REITs, and those who own them, may not feel the same about the coming gap in those portfolios if these stores are currently their tenants.

Turning Guests Into Tenants, Hotels Into Apartments

The hotel business is in a world of hurt. Could some of these depressed properties get new life as apartments? It’s happening already.

Why it matters: This piece focuses on the Los Angeles market,

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What Every American Should Understand About Investing In Real Estate

Founder of and author of “Hidden Investing: What the Wealthiest 1% Know That We Don’t.”

I’ve dedicated the last few years of my life to doing everything I can to raise the level of financial literacy among the people I know and love. I even recently published a book with the mission of spreading the truth about how the wealthy think about money and investing. I wrote the book for people like me who grew up learning about 401(k)s, that our primary home is an excellent wealth-building vehicle, how to hire a financial advisor — and the list of passed-down wisdom goes on and on.

At 58, I’ve found through personal experience that most of what society teaches us about money is not the whole story by any means. In fact, I’ve come to believe that many of the lessons I was taught about money and

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Your Daily Digest for Real Estate Investing, 10/22/2020

Bracing for unrest by boarding up storefronts, WeWork says ‘We’re well,’ tech tenants still employ huge numbers, residential sales soar but some markets look more vulnerable than others.

In Today’s News

U.S. Retailers Secure Stores as Election Unrest Worries Mount

Reuters reports that as security experts warn that the U.S. presidential election could spark renewed civil unrest, some stores remain clad in plywood from recent troubles and insurers and risk experts report more are boarding up, or should.

Why it matters: Because, well, 2020. Not a happy read here but information that property investors might want to know.

WeWork Says Company’s Balance Sheet As Strong As Any Tenant’s

The co-working space giant has cut its selling, general, and administrative expenses, jettisoned “unnecessary systems,” and rightsized its labor force.

Why it matters: WeWork itself occupies a lot of rented office space around the country. Its recovery could bode well for those

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Tech vets launch Seattle real estate startup to crowdfund rental home investing

a group of people posing for the camera: The Arrived team, from left, CEO and co-founder Ryan Frazier, CTO and co-founder Kenny Cason, CFO Joel Mezistrano, and COO and co-founder Alejandro Chouza. (Arrived Photo)

© Provided by Geekwire
The Arrived team, from left, CEO and co-founder Ryan Frazier, CTO and co-founder Kenny Cason, CFO Joel Mezistrano, and COO and co-founder Alejandro Chouza. (Arrived Photo)

Another tech-fueled real estate startup has arrived on the scene in Seattle.

Arrived Homes is a crowdfunding platform that allows anyone to purchase shares of rental properties and earn a passive income while the company handles everything from property acquisition to necessary improvements and management of daily operations.

The startup was co-founded by a trio of tech veterans, including CEO Ryan Frazier, formerly of Simply Measured and Sprout Social; CTO Kenny Cason, also from Simply Measured; and COO Alejandro Chouza, who headed up offices for Oyo and Uber. Real estate vet Joel Mezistrano is also part of the team as CFO.

The company got off the ground more than a year ago, but is announcing for the first time this

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Hyundai Mobis Sets Out for Strategic Investment in AR HUD, investing in leading company, UK’s Envisics

  • Developing autonomous driving specialized AR HUD for mass production by 2025
  • Implementing the ‘First Mover’ strategy targeting the premium market growing 12% a year
  • Increasing investment in infotainment in addition to autonomous driving and electrification

SEOUL, South Korea, Oct. 7, 2020 /PRNewswire/ — Hyundai Mobis (KRX:012330) announced on the 7th that it has made a significant investment in Envisics, a UK based global leader in Augmented Reality Head-Up Display (AR HUD). AR HUD is a next generation safety convenience feature that matches driving information with the road ahead in real-time and projects it onto the windshield.

Hyundai Mobis has been making aggressive investments in autonomous driving and electrification over the last 3 years despite the unclear global business conditions, such as COVID-19. This demonstrates the company’s focus on actively discovering and developing next generation components in infotainment, and in autonomous driving with Velodyne and Motional, and is complemented by

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Your Daily Digest for Real Estate Investing, 10/21/2020

Rental concessions, some new nonpublic CRE REITs for small investors, Ventas goes big on San Francisco life sciences space, a new cannabis REIT for the picking, and think twice about family pics on the wall.

In Today’s News

Rental Beast Finds Concessions Abound Across the Country

As property owners, managers, and renters continue to grapple with the fallout from the coronavirus pandemic, the Rental Beast listing service is finding significant concessions in multiple major markets.

Why it matters: This data not only shares where landlords might have to make do with less but by how much.

Commercial Real Estate Investment Trusts (REITs) for Small Investors See Increasing Demand

The Wall Street Journal reports today that a new type of nonpublic CRE fund that targets small investors is raking money in again after demand cooled during the early months of the pandemic.

Why it matters: This could be a promising

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Exclusive: Ferragamo Family Explores Stake Sale to Drive Italian Fashion Brand Revamp – Sources | Investing News

By Pamela Barbaglia and Claudia Cristoferi

LONDON/MILAN (Reuters) – The family owners of Italian fashion house Salvatore Ferragamo

have held informal talks with financial investors to sell a minority stake in their holding firm as they seek to turn around the luxury brand and cope with the fallout of COVID-19, five sources told Reuters.

The company’s chairman Ferruccio Ferragamo, son of late founder Salvatore, held the talks some time after the summer, offering about a 20% stake in the holding vehicle that controls the Milan-listed business, banking and private equity sources said on condition of anonymity, as the matter is confidential.

A spokeswoman for the company – which has a market value of 2 billion euros ($2.4 billion) – denied that the Ferragamo family planned to sell the stake.

The sources told Reuters that the family is still in the preliminary stages of testing market appetite, and that a deal

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Your Daily Digest for Real Estate Investing, 10/20/2020

Electing affordable housing, student housing “black swan,” Amazon and CRE, housing starts, and an mREIT to consider.

In Today’s News

How the Election Could Impact Affordable Housing

This piece on looks at policy statements and practices and concludes that while either Trump or Biden could choose to make housing affordability a priority in their administration — and either could make a big impact — each candidate would certainly use different methods.

Why it matters: The multiple ways affordable housing can attract, reward, or tax private investment could see some real change, whether the incumbent or challenger wins the White House.

COVID-19 Called ‘Black Swan’ for Student Housing, but Outlook Is Promising

Occupancy rates were notably down for student housing this fall, understandably, but that could well prove to be an aberration. That’s one takeaway from a panel discussion co-hosted by the National Multifamily Housing Council.

Why it matters:

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Oil Prices Drop for Fourth Day as COVID-19 Second Wave Worries Intensify | Investing News

MELBOURNE (Reuters) – Oil prices slipped for a fourth straight day on Tuesday on worries about a resurgence of coronavirus cases globally stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply in the market.

Brent crude

futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT, after falling 31 cents on Monday.

U.S. West Texas Intermediate (WTI) crude

futures slid 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday.

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America having sparked new clampdowns.

“Since April we have seen a miraculous recovery in oil demand – which is now at about 92% of pre-pandemic levels, but it’s too early to declare an end to the COVID-19 oil demand destruction era,” said Rystad Energy oil

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Your Daily Digest for Real Estate Investing, 10/19/2020

Major SFR deal, new construction sentiment soars, making moves and movies, the deal with SRO, and San Francisco’s troubles.

In Today’s News

SFR Operator Front Yard (NYSE: RESI) to Be Taken Private in $2.4 Billion Deal says the deal will make Pretium the second-largest owner and operator of single-family rental (SFR) housing in the United States.

Why it matters: As this article points out, there are several other major players diving deep into this housing segment. Individual real estate investors may want to explore their own options, including real estate investment trusts (REITs) that specialize in the SFR space.

NAHB: Builder Confidence Continues Record Climb

The National Association of Home Builders (NAHB) reported today that its housing market index has hit a record high for the second month in a row.

Why it matters: Builders are on the ground floor of the housing market, and their confidence is nationwide,

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