

Background: The Hoyt Institute is an invite only think tank based in North Palm Beach, Florida, where industry research leaders and academics partake in a few days of in-depth discussions on topics of interest to the commercial real estate industry and housing...
Valuations and Write-Downs: Notes from a recent private meeting of USA real estate investors, thinkers and operators

Winners of REIT earnings season
Over 200 US REITs and homebuilders have reported first-quarter earnings results over the past four weeks, providing critical information on the state of the commercial and residential real estate industry. A microcosm of the past two years across REIT world, interest...
Winners of REIT earnings season

Buying US Offices: Time to get greedy
You could buy a skyscraper for a million bucks. I still remember that, probably always will. A friend of mine, well connected in Detroit real estate, telling me how bad things had gotten. Telling me that I could buy an entire skyscraper in downtown Detroit for one...
Buying US Offices: Time to get greedy

Making sense of Blackstone’s $10 billion acquisition of Apartment income
When news hit on Monday morning that a Blackstone entity was taking Apartment Income (AIM Communities) private, the market quickly tried to make sense of the $10 billion headline purchase price. The $39.12 per share price represents a 25% premium to where the...
Making sense of Blackstone’s $10 billion acquisition of Apartment income

Elon’s X Marks the Spot in Brazil
Elon Musk is publicly defending freedom of speech in Brazil and claiming that orders issued by Alexandre de Moraes, a Justice of STF (Brazil’s Supreme Court), have censored certain people and opinions. Musk says these orders are illegal, and that they compel his...
Elon’s X Marks the Spot in Brazil