Bill Gross, PIMCO’s revered managing director, has just published his most recent investment outlook. In it, he calls the end of the recent market rally and warns of a necessity to come to grips with the fact that a new normal is headed our way. The closing sentences sum up his point nicely and he [...]
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Bill Gross,
CAP Rate,
capitalization rate,
Commercial Real Estate,
commercial rental rates,
distressed debt,
distressed real estate,
economic recovery,
Foreclosure,
multi-tenant shopping center,
overpriced real estate,
PIMCO,
PPIP,
ProForma Income,
retail center,
retail property,
shopping center,
stimulus,
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I have embedded a presentation from Oaktree Capital Management, L.P. outlining their strategy for participating in the PPIP program. It is quite interesting as it outlines their view of the investment opportunity presented through PPIP.
One key item that caught my eye was their prediction that retail property capitalization rates will be 900 basis points over [...]
