I always appreciate the detail you put into your presentations. Thank you James.

@JamesEng

2 ай бұрын

Thanks for watching Anita!

Interesting. Blackstone says this is the right time to buy. Avalon Bay thinks they are getting a scarcity premium selling now. IMHO Blackstone is talking their book, trying to prevent further redemptions, and maybe even attempting to move the market with the sheer size of their investments. In the long run, however, Avalon Bay is probably correct that buyers are overpaying now for the opportunity to deploy capital now. I think the better, less speculative, course of action is to invest only where there is positive leverage which isnt available in most deals now. Thanks for the update James

@JamesEng

3 ай бұрын

JG thanks for watching and the feedback. It has been about 2 years of negative leverage and some investors have too much capital and are going now since prices have dropped 25%. Prices might still go down more, but most aren't anticipating another 25%.

@JG-re2bb

3 ай бұрын

@@JamesEng thats a good point. Still I think there may be a further drop that hasnt fully materialized yet due to the lag between transactions and appraised values, 1031 exchanges , etc. A 25% drop from when deals were trading at 3 caps is not saying much when rates are now 6%+.

remember when Blackstone announced that they were buying all the residential homes; thus, turning people to permanent renters??

James brings the receipts! Great information 👍🏻

@JamesEng

3 ай бұрын

Appreciate you watching Lisa!

Hey James, thanks for the information. I’ve been following you since 2020. Bought a deal in San Antonio Tx and sold it 16 months later for a 40% return on equity. Times surely got crazy. Where can i look to find foreclosed deals, sold by lenders? Thanks !

@JamesEng

2 ай бұрын

Listing brokers and mortgage brokers will know about lender’s plan on specific properties

Thanks James! Always informative.

@JamesEng

3 ай бұрын

Thanks Richard for the feedback!

Great content - thank you for sharing

@JamesEng

3 ай бұрын

Thank you for watching and the feedback!

Thanks for the video! Was listening to the Starwood call today for SREIT and similar points were mentioned. They have lost nearly 20% of value just from exit cap assumptions since Jan 2022. They feel we are at or near a bottom as well.

@JamesEng

3 ай бұрын

Appreciate the feedback, I will add Starwood to my list.