Well if you tracked down way back to 2007 they had one huge property buyout of $39 billion. So basically it's Lehman the sequel. Buy high but pray for coming recession
As a RE Agent ; they are lying to you. Shit is hitting the fan and will only get worse. They don't want to create a panic . Doesn't this remind you of 2008?
i feel she sounds like making a case for her company better than reality, like she was in a great position going into covid and they had their reasoning. It sounds like she is just trying to persuade investors not to pull [̲̅$̲̅(̲̅5̲̅)̲̅$̲̅] out
Talking her book…it’s a confidence business and hard to buy properties when you have redemptions to fund..…I would be trading out of unlisted property and buying listed reits ..any easy arbitrage …do your own research
They will never admit to the fact that REITS are in trouble. FTX also kept saying the same thing ..... everything is fine , nothing is wrong, we will meet our commitments etc, get your money out ASAP. Or else another lemon will be in your hands,
There were some pretty big REITs/REOCs in the US/UK that started to go bankrupt as the pandemic was starting at the end of 2019. In the US at least, they were "bailed out" through extra Fed liquidity in the Repo Market. Of course you won't hear many people talking about it so it's difficult to figure out what's actually going on.
If you can service your debts… and you are getting good rent returns, They are in the correct RE area, no doubt about it- There isn’t a problem..This is the elephant in the room ie Servicing the debts with interest rates on the climb
