Insights

The Fed raised rates in September, but the more consequential message may be that Warsh is less interested in where policy sits relative to neutral than in whether financial conditions…

At Berkadia, our success is built upon the talent and hard work of a broad, diversely skilled team. From analysts to loan closing specialists to managing directors, each of our…

Why Agency borrowers have been helped more by spread compression than Treasury policy There has been a lot of ink spilled recently about Treasury Secretary Scott Bessent’s announcement that the…

Second Quarter Healthcare REIT Themes  Capital Recycling Is Accelerating: Healthcare REITs are increasingly monetizing or recapitalizing outpatient medical assets to unlock flexible equity, preserve management income, and redeploy capital into…

Real yields are doing much of the tightening work and theyoffer the clearest read on the true cost of capital. The Federal Reserve may be holding its policy rate steady,…

A hawkish Fed Chair, softer inflation data, and a credibility test arriving sooner than the market may expect.  Markets came into Wednesday’s FOMC meeting focused on one question: why didn’t…

At Berkadia, our success is built upon the talent and hard work of a broad, diversely skilled team. From analysts to loan closing specialists to managing directors, each of our people…

After three consecutive months of stronger-than-expected payroll growth, June finally delivered a downside surprise. Employers added just 57,000 jobs during the month and prior months were revised lower, taking some…

Everyone will focus on the missing dot. The market sold off because of the nine that remained. Half the committee is now willing to discuss another rate hike this year,…

In today’s market, investors are asking a simple question: where can they find durable demand, constrained supply, and compelling long-term fundamentals? For many, the answer is manufactured housing communities. Across…