In today’s blog, we examine the real estate sector, specifically commercial real estate, analyze the performance and valuations for the different industries within the sector, and assess their prospects.  

What is Commercial Real Estate? 

Real estate can be divided into two segments: residential and commercial. Residential real estate is largely comprised of single-family homes and condominiums, while commercial real estate is comprised of properties purchased for business use, such as: office, retail, industrial, and multi-family housing.  

State of the Commercial Real Estate Sect

It seems like we just can’t stop talking about the Federal Reserve (Fed). After an aggressive rate hiking campaign that we think ended last year, markets were expecting the Fed to start cutting interest rates as early as next month. But with an economy that continues to surprise to the upside, along with inflationary pressures that are still too hot, it seems it will still be a few months before we get any of those rate cuts.

And the bond market may have finally taken the hint. After numerous attempts to “front-run” rate cuts in 2024, the bond market is now taking a less aggressive stance on cuts than even the Fed has sug

Event-Driven strategies take long and short positions in equities, bonds, and their derivatives based on corporate events such as mergers and acquisitions (M&A), spin-offs, management restructuring, and special situations such as bankruptcies. Merger arbitrage is the most familiar example of Event-Driven investing, however, distressed and activism are also common investment strategies — albeit those that involve a longer investment time horizon and more active involvement on the part of an investment firm. 

A straightforward merger arbitrage investment would involve buying a target company’s stock following t

The difference between strategic and tactical investment time horizons can be likened to the ebb and flow of tidal patterns in oceans. Strategic investing mirrors the steady rise and fall of the tides, focusing on long-term goals and expectations more stable akin to the predictable rhythm of oceans. On the other hand, investing in tactical time horizons resembles the dynamic nature of changing tides, responding to short-term market conditions like unpredictable surges and waves in the sea. Here we compare and contrast these two distinct processes and recap our recent strategic asset allocation change.

Different Investment Time Ho