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Weekly Wrap-Up CRE Newsletter #4
Please enjoy Prosperity CRE’s weekly newsletter designed to keep you informed and engaged with timely commercial real estate issues and data, and other points of interest.
CRE Prices Spike 15.9% in October, Compared with Same Month in 2020
The headline rate of U.S. property price growth climbed to the fastest annual rate in the history
of the RCA CPPI in October amid intense investor demand for commercial real estate. The RCA CPPI National All-Property Index rose 15.9% from a year ago and 1.7% from September, the latest RCA CPPI: US report shows.
For the year through October, investors acquired $523.8 billion of commercial property assets, a 70% increase on the same period in 2021, as shown in the US Capital Trends report, also released this week. https://pcre.xyz/b6h
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Institutional Adoption of Bitcoin Continues: Morgan Stanley Adds Bitcoin Exposure
Banking giant Morgan Stanley revealed in its latest SEC filing that for the period ending September 30th, Morgan Stanley’s Growth Portfolio Fund added 1.5 million shares of the Grayscale Bitcoin Trust (GBTC). Similarly, its Insight Fund added nearly 600,000 shares over the period. https://pcre.xyz/kvw
All Things Elon
If you’re interested in learning more about the richest, and possibly the most interesting man in the world this holiday weekend, take a deep dive into the world of Elon through this fantastic blog post series on Elon Musk, Tesla and Space X. It’s a fascinating read about our modern day Thomas Edison. https://pcre.xyz/o5m
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Free Due Diligence Manual
We have a
new property that we are working on acquiring, but we can't say anything about it just yet. We promise you'll be among the first to hear about this exciting (and profitable) opportunity.
However, the team just got back from the first due diligence trip yesterday and Zach & Mark wanted to give newsletter subscribers free access to the policies and procedures we are using for our due diligence on this California Office property.
This is our 31-page no-fluff working manual with legal, financial and physical nuggets of truth so you invest as smart capital does.
Get your free copy by CLICKING HERE
(no email required)
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Capital Corner Thanksgiving week
brought good news on the employment front, with this week’s jobless numbers coming in at 199,000, a number not seen since 1969, the economy is showing some rebound on that front compared to the same period in 2020 where jobless claims were over 700,000 https://pcre.xyz/nhj
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However, COVID is not vanquished yet, at least in the minds of investors and traders. Markets on Friday
were still jittery about the news of a new deadly variant of the disease that has emerged in South Africa called Omicron, which is being tracked by scientists. The one-day drop of 900 points in the Dow and 2% of the S&P is a reminder it may be too soon to take on too much risk in stocks.
The verified cases are very low at this point and there is still more data needed, but it’s interesting that just a news report of an emerging COVID
variant is causing nervousness. Just as investors were tip-toeing back into riskier assets, this type of news has many fleeing and settling back into safer markets. https://pcre.xyz/wj7
On the flip side, oil costs are down 13% on West Texas and 8% with Brent on the news. https://pcre.xyz/3cfb52. Coupled with last week’s announcement of the release of approx. 50Bn barrels from the US strategic oil reserves, along with additional releases from China, India, Japan, South Korea and the UK, perhaps consumers may see some relief at pumps in the near
term. It may be short-lived as OPEC is considering tightening production in response to the increased supply. https://pcre.xyz/jg2
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Complimentary EBook on Real Estate Investing
If you’d like to learn more about our approach to real estate investing to generate ongoing cash flow and building long term wealth, you can receive a complimentary copy of our research based real estate investment book, Investing for Cash Flow and Long Term Wealth by CLICKING HERE.
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