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A rent freeze adds a layer of stigma on NYC REITs, says Stephens' Matt Breese
CNBC Television· 2025-06-26 18:08
Market Overview & Potential Impacts - Northeast and Mid-Atlantic banks, particularly those in the Metro New York City area with exposure to rent-regulated multifamily properties, are under scrutiny [1] - A potential rent freeze could negatively impact Net Operating Income (NOI) and lead to increased capitalization rates (cap rates), similar to lowering EPS estimates and PE multiples for stocks, ultimately hurting valuations [5][6][7] - The industry anticipates a potential initial freeze in transactions involving buildings with rent-regulated units as stakeholders assess the situation [6] Risk Assessment & Mitigation - Commercial real estate and multifamily sectors faced scrutiny last year, prompting banks to reassess assets and build reserves [4] - A rent freeze could add further stigma to real estate investment in New York City, impacting both NOI and cap rates [5] - Landlords may attempt to compensate for rent freezes on rent-regulated apartments by increasing rents on market-rate apartments, potentially affecting overall building quality due to reduced maintenance and investment [3] Future Outlook - The industry expects stakeholders to seek equilibrium in the market, but a prolonged rent freeze is projected to negatively affect NOIs and cap rates [7] - Cap rates could start to move sooner rather than later in reaction to potential rent freeze [6] - Potential rent freeze impacts could be seen as early as June and October 2026 when the rent guidelines board sets allowable rent increases [2]
I'm Thirsting To Buy Artesian Resources
Seeking Alpha· 2025-06-12 11:00
Group 1 - iREIT® offers in-depth research on various investment vehicles including REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers, with a tracker covering over 250 tickers [1] - The investing group iREIT®+HOYA Capital, led by Brad and HOYA Capital, focuses on income-oriented alternatives and has a team of analysts with over 100 years of combined experience [2] - Brad Thomas has extensive experience in real estate investing, having been involved in over $1 billion in commercial real estate transactions and is a published author [3]
5 Lessons For My 5 Kids
Seeking Alpha· 2025-05-27 11:00
Group 1 - The iREIT® Tracker provides comprehensive data on over 250 tickers, including quality scores, buy targets, and trim targets, focusing on REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers [1] - The investment group iREIT®+HOYA Capital is led by experienced analysts with a combined 100+ years in the industry, including backgrounds in hedge funds, due diligence, and military service [1] - Brad Thomas has over 30 years of experience in real estate investing, having been involved in over $1 billion in commercial real estate transactions [2]
3 REITs That Drive America's $1.65 Trillion Life Science Dominance
Seeking Alpha· 2025-05-26 11:00
Group 1 - The specialized life science sector has significant demand due to approximately 10,000 known diseases, with over 90% lacking approved treatments [1] - iREIT®+HOYA Capital focuses on various income-oriented investment alternatives, including REITs, BDCs, and MLPs, supported by a team with over 100 years of combined experience [2] - Brad Thomas, a prominent figure in real estate investing, has a track record of over $1 billion in commercial real estate transactions and has been featured in major media outlets [3]
Blackstone: Let's Go REIT Shopping
Seeking Alpha· 2025-04-27 11:00
Core Insights - The article highlights the investment services provided by iREIT® and HOYA Capital, focusing on various income-oriented investment vehicles such as REITs, BDCs, MLPs, and Preferreds [2][1] - The team behind iREIT® boasts over 100 years of combined experience in the investment field, including professionals with backgrounds in hedge funds, due diligence, and military service [2] - Brad Thomas, a key figure in the investment group, has extensive experience in real estate investing, having been involved in over $1 billion in commercial real estate transactions [3] Investment Services - iREIT® offers a comprehensive research platform that includes data on over 250 tickers, providing quality scores, buy targets, and trim targets for investors [1] - The investment group focuses on income-oriented alternatives, catering to investors looking for reliable income streams [2] Team Expertise - The analysts at iREIT® include a diverse range of professionals, such as a former hedge fund manager and a PhD, which enhances the depth of analysis provided [2] - Brad Thomas has been featured in prominent financial media outlets, indicating his credibility and influence in the real estate investment sector [3]