The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network TIP309: Real Estate & COVID-19 w/ Ian Formigle (Business Podcast)
Aug 8, 2020
Ian Formigle, Chief Investment Officer at CrowdStreet with 24 years of real estate experience, discusses the profound changes COVID-19 has brought to the commercial real estate market. He highlights how different asset classes fared, the resilience of multifamily properties, and evolving office space dynamics due to remote work. Formigle shares insights on spotting value in niche markets and adapting to new consumer behaviors. He emphasizes strategic decision-making for investors navigating the post-pandemic landscape.
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Data-Driven Investment Decisions
- Pay attention to trends in metrics like hotel occupancy data to inform investment decisions.
- Use data to make better decisions, like assessing hotel industry recovery and needed operating reserves.
Investing in a Down Cycle
- Increase cash positions to prepare for opportunistic investments in distressed assets.
- Prioritize total return over cash flow if comfortable with higher risk and a long-term investment horizon.
Impact of Fiscal Stimulus
- Fiscal stimulus has significantly benefited commercial real estate assets, especially hotels and multifamily.
- Extending unemployment benefits and the Main Street lending program are crucial for continued support.
