Thursday, January 7, 2021
Allen Matkins and Urban Land Institute (ULI) recently held a Capital Markets Roundtable discussion, in two parts, that featured several industry leaders. They shared insights regarding the effect that COVID-19 has had on capital markets, mainly in real estate, as well as their forecasts for 2021. Which sectors of the market are strong, and which should you avoid? What are the thoughts and strategies of some of the major players in real estate financing and investing?
The following are six takeaways from the discussion:
1. NON-REAL ESTATE CAPITAL MARKETS HAVE PERFORMED WELL
Despite the overall negative economic impact that COVID-19 has had, equity and credit markets have shown surprising strength and resilience. Although April unemployment rates were hovering around 15% and equity and credit markets plummeted, policymakers threw trillions of dollars at the problem in the form of aid programs, loans, additional unemployment insurance, and low