IAN, Meagerly, TI discussed on We Study Billionaires - The Investors Podcast
You're listening to Ti pay on today's show. We bring back a guest by popular demand Mr an for meagerly an has over twenty four years of experience in real estate private equity startups in. Trading as the CIO at crowd street Ian has over four hundred offerings with over thirteen billion in commercial real estate. On the episode, we talked about the structural and infrastructure impacts for all types of real estate that cove it is having and what to expect moving forward. So without further delay, here's our interview with an for meekly. Were listening to the investors podcast while we study the financial markets and read the books that influenced self made billionaires the most we keep you informed and prepared for the unexpected. Welcome to stay show I'm your host brought us and always accompanied Bamako host Preston Pysche today we have one of our most popular guests with us, and that is Ian for meagerly chief investment officer at Croft Street, and he's with us for the fifth time. Thank you. Ian For joining us here today on the masters. PODCAST. Sticking president to push back on the show today and I must say the environment a little bit different than the last time that we spoke by cycles, our cycles, and so eager to talk about what's changing right now. You definitely righty and things are very very different. I guess that's sentence that we tend to say a lot more these days. We talked about how one of the strength of having commercial real estate in your portfolio is how uncurling this to other assets an external shocks to the Magi in general and think that we use the example that it was more important with store that opened the store than whether. Would see it in the trade with. China. For instance. So this kick this interview off this question, how commercial real estate performed so far in twenty twenty given everything that has happened. Stig. You're absolutely correct and we've previously talked about the importance of microeconomic drivers on commercial real estate values. I think what's interesting right now is that we are currently experiencing how a pandemic effects commercials state value. In the performance of the overall commercial real estate market in twenty twenty has really varied substantially by asset class and the performance of each asset class has strongly correlated to the effects of the pandemic so far however, regardless of the pandemic, the underlying common denominator here is demand both current and perceived future demand. This concept goes back to some of our first conversations on commercial real estate in that the ultimate driver of value in real estate is demand relative to its supply. You just can't get around that and right now the pandemic is exposing this concept yet once again..