SummerStreetAdvisors

SSA helps real estate investors structure deals and manage assets in ways that optimally advance their unique goals.

[Jack Mullen @Jwmullensummer]

Which real estate investment strategy do you find most effective in today's market?

[SummerStreetAdvisors @SStreetAdvisors]

Foreclosures in commercial real estate have hit the highest level since 2015, with $20.5B in properties seized in Q2 2024. There is $94B in distressed debt and $201B at risk, more challenges lie ahead, especially for office loans.
https://t.co/s3Fa3S3VzW

[Jack Mullen @Jwmullensummer]

A trio of former and current NBA players are teaming up with Special Teams Real Estate a Greenwich based firm for a new commercial real estate venture. Together they plan to convert vacant buildings into new residential properties across New England.

https://t.co/nnUeBVuvvx

[Jack Mullen @Jwmullensummer]

Alexandria Real Estate Equities plans to sell $280M in assets and halt new construction to focus on existing properties, reflecting challenges in the life sciences real estate market. Does this move signify potential overcapacity in the market?

https://t.co/tUvvAMRKAA

[Jack Mullen @Jwmullensummer]

The Yahoo Finance Chartbook indicates a strong sense of optimism in the markets, with stocks near all-time highs and investors anticipating potential interest rate cuts from the Federal Reserve.
https://t.co/kFhWiEmXmj

[Jack Mullen @Jwmullensummer]

What do you think will be the Fed's rate cut in September?

[Jack Mullen @Jwmullensummer]

New home construction in the US declined 5.5% in May, reaching the lowest level in four years, driven by higher interest rates and a cooling housing market. https://t.co/ZZojyT3BDv

[Jack Mullen @Jwmullensummer]

US regional banks are expected to increase their loan loss reserves and remain cautious on stock buybacks due to ongoing pressures from CRE loans, which are projected to impact earnings throughout 2024.
https://t.co/O36AANdYIC

[Jack Mullen @Jwmullensummer]

Eviction filings are up over 35% in Sun Belt cities like Gainesville, Las Vegas, Houston, and Phoenix. Even with rents declining, tenants are struggling to keep up. #Evictions #Housing #CRE #AffordableHousing
https://t.co/LmcFg61Krd

[Jack Mullen @Jwmullensummer]

Development companies have pivoted from build-to-rent single-family homes in smaller markets, like Tallahassee, Winston-Salem, and Winder, to selling lots to traditional homebuilders due to softening rents and increased supply.

https://t.co/kSw131kUfW

[Jack Mullen @Jwmullensummer]

Gen Z job seekers in CRE are finding it increasingly difficult to secure entry-level positions due to a decline in job openings and the impact of AI and outsourcing.
How big of a role will AI play for future demand of entry-level talent?
https://t.co/sjg08a6biF

[Jack Mullen @Jwmullensummer]

Oklahoma City is set to break records with the planned construction of the 1,907-foot Legends Tower, which will become the tallest building in the United States. https://t.co/ee8R5qVxRm

[Jack Mullen @Jwmullensummer]

Inflation Eases in May - The latest CPI data shows a slowdown in consumer price increases, with May's annual rate at 3.3%, down from April's 3.4%. https://t.co/t6PjMtP78p

[Jack Mullen @Jwmullensummer]

Micro-communities built from repurposed shipping containers are being developed in Atlanta and Denver to address homelessness. What other innovative solutions can address housing crises in cities​?
https://t.co/j24AVozOv2

[Jack Mullen @Jwmullensummer]

Do you think access to renewable energy sources increases the value of industrial real estate properties?

[Jack Mullen @Jwmullensummer]

Struggling U.S. office space is beginning to sell, with opportunistic investors getting discounts of up to 70%. Is now the time to buy distressed office space, or is the bottom still yet to come? #CRE #Distress #Office

https://t.co/gkXCIR0jCz

[Jack Mullen @Jwmullensummer]

Despite $3.5B in rental assistance and job recovery, NYC's affordable housing faces a crisis with $100M+ in unpaid rent. Rising costs and nonpayment threaten housing stability. What do you see as the most viable solution? https://t.co/n83nps9yJo

[Jack Mullen @Jwmullensummer]

Fast-casual restaurant chains are rapidly closing locations, with nearly 100 Red Lobster stores shuttered recently. What new opportunities do you see coming from this?
https://t.co/fxiEf1ODei

[Jack Mullen @Jwmullensummer]

There has been an uptick in the volume of transactions surrounding distressed office loans. Do you think loan sales volume will increase over the next six months? #CRE #LoanSales #Office #Distressed

https://t.co/Uq7C3V6vDE

[Jack Mullen @Jwmullensummer]

Despite a historic apartment construction boom, developers across the U.S. are facing significant challenges in bringing their projects to fruition. https://t.co/nSf7nDr86q