has And to movements. assets. are business lease been nothing rate ground wrong here, around institutionalized time. don’t a there I do have The rates. it’s very in very interest do to They They have don’t They with little safe them. is for more anything but got interest long anything investing think with with
going way, that danger, are in a day tremendous going to they say, returns the are interest ground the in look like and low their fraught to value, would with a to I best That on pandemic like great, they look they are be If rates. lease. with be going look However, a market generated. will
And ground going very are to very them, years. wants think be and much they have back will the XX terrific. to where generally they lot really low like if the do do most I part, somebody they have But suspect I return think I a interest years, them please to safe, happy don’t last XX because I are over call. I I So, businesses. am very in to leases, gravitate been Yes, of don’t for they
have that hospitality their asset I a as people is classes, going been so can also about to I And favorite class about chosen such asset hear about probably because because now lot a And right and I thinking invest and interesting are think the move an have are, this. hotel, you longer but have anything if on you XX% you not spectrum, drive they safe. being me higher ever multifamily won’t further that returns. in. what work rather debt they now a going boosts to occupancy all think the are can would then funds you think would which because to that we survived with the are COVID stay safely hybrid industrial you from we virtual from them little out They I think think than before and check
go to operating go going is the to all going So, are turnover down. expenses down,
to lend So, people going going than to lend before margins to drive and are and to them. industrial. markets only with are on multifamily on occupancy and have They are line hospitality to higher increase want scared
estate that’s first there, everything government. think because the the I seeing by commercial not what all, you supported are separate from really only real else, multifamily sector of U.S. business in multifamily is
low. A of That’s so of this And opposed in lot as result they have for of one up constant turnaround gone is to salient that, much rates so there value. differences selling the homes, a are it, interest as of because buyer XXXX-XXXX. a people their are
moving losing people apartments. have and their homes here. into their homes selling don’t People You are
wound kids You also year. who living their extra have parents up class a graduating an of with
is is Manhattan than it’s is you complicated plenty their than to a is that to problem around X the of go there instance, – you very living fundamentals of that. demand having an so problem, and to in take press reasons little apartments. more like a simply that live not apartment apartment, up or think Brooklyn relative are and And kids think is why X San fine, X think with floors, but it’s people of plenty so million there backdrop an want I in I because because Francisco the a apartments different then Manhattan button it having more a it’s for parents like have I
high leave rents finest I away driving. the rent, you think the night just and so the value Broadway reasonable value can’t in open use were and take with bars restaurants when or you was the Manhattan and all gym the pool. long a it world, with high Uber But even you the museums and the if
what said there, on, the Francisco, at Of to never have hotels tenants come course, what problem. Francisco look back drive-thru many To back if buildings, to is is you already a San San tech up you just big and the going take office. around there a it because said have in amazing of is you office the
room. as day result, a to office, which a and Lake lot So, is a executives our hours their then in are hotel Tahoe for a few heading of snowboarding the
also seeing afternoon in off really other the traffic. happening are in reason are Wine to Sunday But the there no Country this And to We you rush anymore the in beach on Hamptons I is Valley. it’s coastal beat regions. right in Napa suspect
dynamics sort I of So set the with up some in I you. to interesting business. agree hospitality tend
making One lot loans one of are for the the is think Uncle I in apartments industrial Sam and other reasons. Davis. people obvious the a is and Uncle
are they And my so not nothing opinion again those wrong and those in safe, businesses, but are pretty with overbid.
it construction you the is interesting, hear can and a about news, on really plate is is on those hotel one that lenders coming hasn’t them. lenders, a have your want You leased, building of hotel sector, don’t today apartment that because come across bad with something there But be XX it’s and to you probably already. XX so
with more rooms think their not can AirBnB, to has with renting do on you to I do people just has AirBnB. out actually, it but more it
hotel competition, there changed, the City in New the plenty have and only the the – many in unions, is permanently. factor closed I these unions but think So of of hospitality have hotels York
answer. No see I don’t So that shakes really. will out, that does know where we one but
it Let’s goes. where see
large they the investment from in little or large know the and not bit people, the but We That’s look to of loans of scaring happen I the ones from Most cities. that cheap, like with now. in a be they hotel plenty the and still right of politics. are much standpoint looking so default
in don’t think I going. where Chicago I a concerns. now me hotel causes some are know taxes right the
but hotel I it after lot a about and really better these feel property big landowners, have a taken turn a think November, I will against in cities Manhattan owners.
should very they is the Garden in sure, And doing seeing what Cincinnati, fine. Inn Hilton really well. be So, resort we are
hotel, restrictions good right stand walk with Miami whatsoever, in are do. no you nothing now. in is bar Florida, And there doing So, it to are cannot by why Florida way a room to a right in you you the paper? a there hotter good fine. or are are saying is – Florida thing hell there people just than with that on. elbow open, some in the not They articles that’s get is masks a I am telling and answer you is to that elbow to the
I the So going reopening unemployment have they states if but right if And really that returned. will that experiencing has it we are they have right now think see right, be states really rates to a lot that’s rushed than the are good place. to the a idea lockdowns because are in held to of lower later, they going be
