2A — April 2024 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer ..............Linda Christman VP, Conference Producer .............................Lea Christman Editor/Graphic Artist ......................................Karen Vachon Contributing Columnists...............................Jason R. Bogart, Accordia Mid Atlantic R eal E state J ournal ~ Published Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 117 HMS Halsted Dr., Hingham, MA 02043 USPS #22-358 | Vol. 36, Issue 4 Subscription rates: 1 year $99.00, 2 years $148.50, 3 years $247.50 & $4.00 single issue - plus postage REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Phone: 781-740-2900 www.marej.com
Jason R. Bogart
A New Chapter: Accordia Sets Sights on Market Resurgence and Diversification n an ever-evolving real estate landscape, standing still is not an option. As the principal of Accordia, I’ve observed firsthand the shifts and opportunities in the market as we enter 2024. About six to nine months ago, we were con- ducting regular pipeline calls with some of the major institu- tions’ acquisition teams. It was obvious that based on their reactions, there was not a lot of activity. Now with investment activities coming back to life, the liquidity is starting to perco- late again. There are billions of dollars sitting on the sidelines ready to invest in commercial real estate. These observations have led Accordia to a pivotal moment. For us, moving for- ward means rebranding and focusing on a strategic expan- sion that is poised to redefine our trajectory and enrich our investment portfolio. “For Accordia, it’s all about a new era of real estate opportunity.” I
The commercial real estate market has always been dynamic, yet honestly, the changes I have witnessed recently are unprecedented. As the Accordia team ana- lyzes the patterns of 2024, one thing is clear—this is a year of growth and robust opportunity. With interest rates stabilizing and inflation rates declining, we’re on the cusp of a renewed surge in investment activity. A crucial aspect of our strategic plan involves re- assessing deals that were once out of reach. What was once an overly high-priced market is starting to reca- librate into realistic pricing expectations bringing old opportunities back to the
forefront—providing us with the chance to leverage our agility and experience. Now brokers are chasing us on investments that we were chasing two years ago. A ma- jor reason is that low-cost debt is coming home to roost, which puts pressure on existing own- ers, because they will need to invest additional equity into their real estate, or their cash flow is going to get significantly reduced by increased debt ser- vice payments. Basically, all this means that the real estate market is primed and ready for an upswing, and Accordia is right at the helm. We’re prepared to navigate through this period of economic re- alignment with precision continued on page 24A
Firmly Rooted in the Law and in the Community We are well grounded in every facet of real estate law, from acquisition to construction. We are committed to serving the needs of our clients and our communities.
Contact: NEIL A. STEIN • nstein@kaplaw.com 910 Harvest Drive, Blue Bell, PA 19422-0765 • 610-941-2469 • kaplaw.com Other Offices: • Cherry Hill, NJ 856-675-1550 • Philadelphia, PA 215-567-3120 Kaplin Stewart Attorneys at Law
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