For almost 40 years I have enjoyed “tilting at windmills” in and around the Commercial Real Estate Industry. Two of my favorite rants have been directed at the Portfolio Lenders (early 90’s) and the Conduits (late 90’s).
I just returned from the MBA CREF conference in San Diego, and one of my colleagues made the observation that "forecasting and making predictions of future movements in the cycle (property, economic, and capital flows) were based upon the past." This really got me thinking.
I am excited about 2018; I am excited about the uncertainty ahead. I truly believe that the industry is approaching an inflection point. Good? Bad? Unknown; however, what is known is we have an unprecedented opportunity to benefit from changes in revenue models of businesses operating across and adjacent to the real estate industry.