RealCrowd’s Thoughts

What’s Happening Now
The big news this week from our little corner of the world is SEC’s announcement to expand the definition of what it means to be an Accredited Investor. The biggest additions to the newly classified group are investment advisers, both SEC and State registered, as well as financial professionals who hold certain securities licenses. As our good friend, Mark Roderick, opined in his take on the updates, it’s a very positive sign that the move wasn’t in any way limiting the current definition – everybody that was accredited before the announcement should still be accredited.

One provision also noted by Mark is the slightly opened door for “certifications, designations, or credentials” that the SEC may accept as qualifying education for accreditation status. This could open up a new line for the “close-to-accredited” or really, anybody, who is interested in private deals to gain access to opportunities they have historically been blocked out of.

Stay tuned…

What To Watch
It’s back to school time across the US, whatever that means in this bizarro timeline we’ve entered, summer is coming to a close and we’re entering a new social phase of this experiment we’re all in together. We are definitely keeping an eye on how the transition will be made to balance many of us still working from home/remotely with the demands of online schooling – how will that affect the workforce, how will that impact the social patterns we all took for granted? What will we learn from this that will remain long after this health crisis has passed, both good and bad?

We had a fascinating conversation this week with Steve Weikal, a friend of the podcast and Head of Industry Relations at the MIT Center for Real Estate, where we talked about that very thing. How will higher education centers that are built on a community of shared experience function in a largely remote world? Will the nature of how we use office space become more experiential and social like what we’ve seen in the retail world?

Again, it seems the deeper we get into this crisis the more questions we uncover. The impacts of all these changes and adjustments likely won’t be fully understood for some time to come. In this though, there are opportunities to grow, learn and adapt to the ever-changing environment around us. They say adversity builds character, and I’ll be damned if we don’t come out of this with some notches of character on our collective belts!

-Adam Hooper, CEO

Weekly Metrics

20192020
Rent Payments Collected by April 20th93.3%89.2%
Rent Payments Collected by May 20th93.0%90.8%
Rent Payments Collected by June 20th92.2%92.2%
Rent Payments Collected by July 20th93.4%91.3%
Rent Payments Collected by August 20th92.1%90.0%
*Data brought to you by NHMC Rent Payment Tracker
CurrentPrior Week Change
10 Year Treasury0.721%+0.085%
DOW28,492.27+752.54
S&P 5003,484.55+99.04
Unemployment Rate10.2%
Total US COVID-19 Cases5,873k+278k
Total US COVID-19 Tests81,460k+5,180k
*Metrics as of 11am EST on Friday, August 28

What Should You Invest Into Next?

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Key Articles To Read This Week

A Look at Multifamily Investment by State

Mapping out where investors have spent money on apartment properties so far in 2020.

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Ford Rethinks the Office, Betting That Work Will Be Partly Remote Longer-Term

The No. 2 U.S. auto maker asks 30,000 employees to clear out their desks to make way for workplace revamp

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Commercial Real Estate Landlords Team Up With Flex Space Operators

Demand is increasing for the flexible office space sector, but the latest trend to hit commercial real estate comes with a twist.

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SEC Modernizes the Accredited Investor Definition

The Securities and Exchange Commission today adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in our private capital markets.

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The Father Of CMBS Says Real Estate Valuation Is In ‘Uncharted Territory’

The value of commercial real estate in big cities is extremely uncertain due to the combination of the virus itself, potential migration out of cities, and the fact that so many people can work from home..

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U.S. Office Market Unlikely to Recover Fully Until Late 2022, Economist Says

The U.S. office market is unlikely to recover from the effects of the novel coronavirus pandemic until late 2022 at the earliest.

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Walmart is teaming up with Microsoft on TikTok bid

In a statement, the big-box retailer said TikTok’s integration of e-commerce and advertising “is a clear benefit to creators and users in those markets.”

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