What podcasts say about Jerry Baglien
Every statement, with the speaker, the exact quote and the moment it was said.
What Jerry Baglien has said on podcasts
29 statements · 15 positive · 9 negative · 5 mixed
Higher rates will reduce commercial real estate transaction volume.
“It's going to slow down transaction volume for sure.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 3:42
Higher rates will make commercial real estate refinancing more difficult.
“It's going to make refis trickier than they were”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 3:45
Higher rates will pressure real estate valuations.
“it's going to put pressure on valuation.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 3:48
Investors should be cautious yet opportunistic in real estate.
“I think you should be cautious, but also very opportunistic.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 4:07
Real estate credit can provide a 30–40% cushion before losses.
“Having a 30%. 40 percent cushion in front of you before you take losses feels a lot better”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 5:42
Benefit Street Partners is avoiding office real estate investments.
“Still staying away from office almost categorically.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 7:50
Multifamily valuations are pressured, but cash flows remain.
“multifamily, where valuations are tough, but cash flows haven't disappeared.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 8:20
Multifamily has stronger long-term fundamentals and safety than other commercial real estate.
“the long-term need and fundamentals there, I think you've got a little more safety than anywhere else in the commercial real estate space.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 9:19
Interest rates are not guaranteed to return to prior low levels.
“Just because rates were low doesn't mean they're going to go back to being low.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 10:18
Current higher interest rates reflect relatively healthy economic conditions.
“You've got higher rates for not terrible reasons.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 10:23
Well-managed real estate can compound returns beyond comparable Treasury yields over a decade.
“a good asset, even if you buy it at the same yield as a treasury and you run it really, really well, there is an expertise in real estate that over a decade, you're going to compound some of those returns”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 11:51
Real estate currently offers improved inflation protection because rents can rise with inflation.
“it's a better investment now for inflation than it was before because rents should inflate with everything else”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 12:14
Real estate credit is preferable for short-term investing.
“short-term, I think I'm still heavily in favor of the credit approach here.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 13:33
Large, diversified asset-management platforms will outperform smaller competitors.
“large and more diverse platforms will continue to win out.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 14:03
Rising rates will reduce lending activity and competition.
“this run-up in rates will pull things back.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 14:31
Multifamily construction is depressed now but will recover within several years.
“I think construction's fairly depressed right now. It'll snap back in a few years and we'll be in another cycle”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 15:28
More real estate foreclosures will reach the market within about a year.
“you're going to see more foreclosures hit the market here over the next year or so.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 16:22
Newer Sunbelt multifamily assets preserved value better than older properties.
“on the nicer, newer assets, you didn't see the same depression in value on those that you saw on the stuff that's 30 years old in the Sunbelt.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 17:06
Higher construction debt costs will reduce new construction.
“that's going to depress construction.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 19:14
Real estate supply will cycle from oversupply to undersupply and renewed construction.
“you're going to be oversupplied, no one's going to build, and then you'll be undersupplied again and everyone will build again.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 19:18
Industrial real estate is a major and rapidly growing portfolio allocation.
“it's been our second largest asset allocation the last couple of years. And probably the biggest growth part of our portfolio”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 19:47
Well-timed San Francisco office investments may have benefited from AI-related demand.
“if you bought right in San Francisco, you might have caught the upswing on some of the AI trade and played that correctly.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 21:08
Investors should be highly selective when investing in office real estate.
“I think you have to be much more selective on office today”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 21:22
Hospitality real estate currently appears attractive.
“I think hospitality still generally looks good.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 22:14
Hospitality faces no evident near-term major problems and remains attractive.
“you don't see any near-term storm clouds on the horizon. I still like that part of the market.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 22:54
Higher inflation should increase rents and hotel average daily rates.
“if you've got a little more inflation, that should be growing your rents across assets and growing your ADR and your hotels.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 23:40
Real estate equity is unattractive until cap rates adjust and negative leverage ends.
“I'm less optimistic on equity from just a mathematical perspective today until you get some cap rate adjustments and you don't have negative leverage.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 24:55
Current conditions make real estate credit more attractive than equity.
“It makes me like credit all the more”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 25:03
Recent market developments have increased conviction in real estate credit.
“I have more conviction, not less today because of everything that's happened.”
Open the episode · Talk Your Book: How Higher Rates Are Re-Shaping Commercial Real EstateListen at 25:51
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.