Navigating Real Estate Debt in 2024 and Beyond
PANEL PARTICIPANTS
KEY TAKEAWAYS
• Accretion Capital founder Eduardo Burillo has over 25 years’ experience in telecom infrastructure, emerging tech, media, finance, and real estate. • Daniel Diaz Leyva (moderator) is the chair of Day Pitney’s Florida real estate practice and chair of the firm’s LATAM practice. • Chris Drew , senior managing director at JLL Capital Markets, leads one of the most active real estate brokerage and advisory business in Florida. • Scott Sherman is founder and principal of real estate investment firm Torose Equities, which is active in urban retail, office, and mixed use. • Eduardo Subervi is director of Real Estate Banking at City National Bank, serving clients ranging from large institutions to local owner operators.
• There is ample liquidity in the marketplace. The cost of debt capital is an obstacle, but buyers and sellers are getting closer to bridging the gap in pricing expectations. • South Florida office is an oversold asset class, partly because institutional investors worry that doing office deals will compromise their ability to raise their next fund. Family offices are more willing to make contrarian bets on office. • Both the living sector (e.g., multi-family housing, student housing, senior housing) and the industrial sector remain hot.
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