A Land Advisors Company
Must Read: (SOFR aka LIBOR’s chosen replacement) is a fucking mess (for those of you offended by swearing, that’s a technical term). LIBOR, the scandal-plagued borrowing index that has often been called the most important number in the world was at the center of a major financial scandal that lasted from the early 2000s to […]
Must Read: Fifteen years ago, industrial real estate was an asset class largely held by small to medium sized local operators. Today, thanks to innovation and changes in supply chain management, it has been overtaken by large institutional investors. Economy Cross-hairs: A decade of freewheeling growth has put gig economy companies in the spotlight and regulatory […]
Must Read: In a rare moment of lucidity, the California electorate soundly rejected a proposition that would have opened the door to statewide rent control last year. In the months since then, state legislators have failed miserably in passing any bill that would meaningfully impact our epic housing affordability crisis, despite some good proposals. So, with […]
Must Read: According to a new report on affordable housing from the UCLA Siman Center for Real Estate, naturally occurring affordable real estate, defined as class-B and class-C housing with below market rents, is disappearing as a result of value-add investment and a lack of new affordable housing development – thanks to restrictive zoning and soaring […]
Lead Story: Like many of you, I’ve been closely monitoring the impending catastrophe that is the WeWork IPO. Over the past year, WeWork’s largest investor, SoftBank committed to invest $4 billion in the company and spend $1 billion to buy shares from employees and existing investors at an obscene value of $47 billion. What is often […]
Must Read: Companies are securitizing everything not tied down as investors’ ravenous search for yield continues to ramp up and so-called “Whole Business Bonds” catch on: Franchised companies like burger restaurant Jack in the Box Inc. and massage provider Massage Envy are increasingly selling unusual bonds backed by most of their business. By pledging key assets […]