Do you know what asset profile your next investment should be to optimize your real estate portfolio? Should you be investing into Core, Core+, ValueAdd, or Opportunistic?
Should your next investment add risk or should it take some risk off the table? Should it bring balance to your overall portfolio or should it act as a hedge?
At ReAllocate, we know how how important these questions are and that's why we help investors build personal step-by-step allocation plans based on their risk tolerance and financial goals. With your allocation plan you'll always know what your next investment should be and how it impacts your overall portfolio.
To learn more about how to get your step-by-step allocation plan click Learn More below.
20192020Rent Payments Collected by April 6th82.9%78.0%Rent Payments Collected by May 6th81.7%80.2%Rent Payments Collected by June 6th81.6%80.8%Rent Payments Collected by July 6th79.7%77.4%Rent Payments Collected by August 6th81.2%79.3%*Data brought to you by NHMC Rent Payment Tracker
CurrentPrior Week Change10 Year Treasury0.703%+0.137%DOW27,896.72+509.74S&P 5003,373.43+24.27Unemployment Rate10.2%--Total US COVID-19 Cases5,258k+372kTotal US COVID-19 Tests64,610k+4,960k*Metrics as of 11am EST on Friday, August 14
Don't forget to take the one minute survey below to stay up to date on the investment sentiment of sponsors and investors.
What's Happening Now
We’ll start with some good news! For the first time since March, the US weekly jobless claims fell below 1 million, clocking in at a seasonally adjusted 963,000. This is the second consecutive week those claims have decreased, which hopefully points to an increase in people actually finding work, not a reflection of the lack of continued federal benefits that may have weighed into whether or not somebody filed.
It will be important to watch consumer spending over the next few months to see how much the federal programs may have been supporting the increases in spending that have occurred in the past few months.
In the real estate world, we’re still hearing cautious optimism from lots of the managers we work with. We’re seeing more deals get into escrow and overall things are more positive than we would’ve anticipated at this stage. We’re hearing more interest in industrial, data centers and even office properties as workers are reaching the end of their ability to keep it together working from home!
What To Watch
Well, one thing we’re not watching is any progress on a new stimulus package coming out of Congress. The Senate closed the current session Thursday afternoon and, unless an agreement is reached, they won’t return until September.
We’ve been watching this development so closely as it has pretty well insulated a lot of the real estate markets. We could be heading into a pretty dangerous storm of federal unemployment benefits not coming back coinciding with the opening of schools and a new wave (or more likely an extension of still the first wave) of COVID-19 infections, which will be disastrous for the economy. With over 5.2 million cases in the US and counting, we’re still far from out of the woods.
Hopefully you are able to enjoy what remains of summer, step out in the sunshine to top up those Vitamin D levels and stay safe out there. We’ll keep putting one foot in front of the other and come out of this together!
-Adam Hooper, CEO
Want to see the weekly sentiment of fellow investors?
Then take our one minute sentiment survey by clicking Take Survey Now below.
Added Bonus: Every week you complete the survey you'll get an additional entry in a monthly drawing for a $250 Amazon Gift Card.
Bruce Stachenfeld, Chairman at Duval & Stachenfeld, joined us on the podcast to discuss his predictions for the real estate industry based on conversations he is having with industry experts.
Hotel operator posted $1B loss in operating income last quarter
Shares in the home-sharing platform could begin trading by year-end
Continuing claims totaled 15.5 million, down more than 600,000.
It could be the beginning of a trend as investors seek out income in a world where rates are again at record lows.
Millions of people are considering moves for a slew of reasons, mostly being to downsize, upsize or get closer to family.
Bots like Relay, produced by a Google Ventures-backed company, cut down on unsafe interactions
*If you like this post, be sure to enroll in our free six week course on the fundamentals of commercial real estate investing — RealCrowd University.*
