retail

“Maybe, maybe the next distress cycle is called the Amazon distress cycle. Again, where you have severe displacement of certain industries happening during a period of time in which the broader economy is doing fine”

“We've never had as much individual retail, so to speak, money in the credit markets as we do now.”

“So retail is 20% of traded volume right now. It's double what it was in 2019.”

“The good news for apartments is we can still get loans. We can get really nice loans still. But if you're in Retail or office. There's just no loan. You've got to do all your deals, all equity, which is pretty wild.”

“Most portfolios, if not all portfolios, including more retail as finance becomes more democratic, will involve some portion of Private markets at some point, whether that's 10%, 30%, leading up to 50%”

“There's a distress out there, but that distress is largely the office sector. The other sectors from a fundamental supply, demand, occupancy, rental growth, they're doing just fine. Even retail.”

“You will see The institutional investors that have historically loved venture and participated in those big pools move down market, just like they did in buyout. All the ENFs left the mega funds between 2008 and 2012 for the most part. I think the same thing w…”

“Multifamily is a asset class that Has historically had low capex. It lends itself well to making distribution, whereas things like office or retail are tenant improvement heavy. Therefore, maybe more episodic in its ability to return capital to investors.”