2019 Real Estate Outlook: What Can Investors Expect?

first_img  Print This Post Share Save Previous: Landlords Feel the Shutdown’s Strain Next: Spotlight on Single-Family Rentals Home / Daily Dose / 2019 Real Estate Outlook: What Can Investors Expect? The Best Markets For Residential Property Investors 2 days ago January 16, 2019 1,940 Views 2019 Global Alternatives Outlook 2019 Real Estate Market Investments JP Morgan Chase REITs 2019-01-16 Donna Joseph in Daily Dose, Featured, Market Studies, News Tagged with: 2019 Global Alternatives Outlook 2019 Real Estate Market Investments JP Morgan Chase REITs Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago 2019 Real Estate Outlook: What Can Investors Expect? Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe In its latest report titled, “2019 Global Alternatives Outlook,” JP Morgan Chase sheds light on global trends and opportunities in the real estate industry. The report indicated that several investors in the U.S. real estate market have “tilted their new allocations to value-added properties in the search for higher returns, reaching an inflection point.” The key driver of this shift is a considerable increase in construction costs for property improvement or development that is thinning the return premiums for construction risk—leading to a limited supply of new core properties. This has allowed some stabilized, fully leased core properties to sell below the now elevated cost of building new unleased assets, the report stated. According to the report, since early 2016, the income from leases of existing U.S. core assets has been growing at a faster annual rate (4 percent to 5 percent ) than core property values (2 percent to 3 percent), since early 2016. JP Morgan Chase anticipates the rising construction costs to help support the increase in rental incomes. As new properties have to charge higher rents to be viable in the face of rising construction costs, existing core properties are forecasted to raise rents with less risk of losing tenants. However, according to the report, the upward spike in construction cost is likely to limit new space available for lease—another positive for rent growth. It indicated a further upside in core rents and valuations, given the econ­omy and demand continue to hold up.Speaking of REITs, the report stated that volatility has returned to the equity markets including the REIT space. It pointed out that REIT equity is far more volatile than the value of its underlying real estate, on account of its varied investor base comprising ETFs, hedge funds as well as momentum players. JP Morgan Chase indicated that investors may want to consider investing throughout the REIT capital stack and buying the debt—approaches that will meaningfully reduce a REIT portfolio’s volatility and offset the leverage embedded in REIT equity. The report also suggests the use of liquidity and volatility of the REIT market to potentially enhance returns.“Even in a market that is largely priced to perfection, knowledge­able, experienced global investors with a broad toolbox can find a robust set of attractive real estate opportunities,” the report reads. At a macroeconomic level, the report highlighted that tighter labor markets and rising wages have begun pushing prices higher across the developed world, while weaker currencies and higher commodity prices have lifted inflation in emerging markets. U.S. economic growth is forecasted to average around 3 percent through the middle of 2019. Globally, core real estate returns have averaged just over 10.5 percent since late 2010, the report revealed. Valuations have been a significant driver of those returns, however, leaving much of the real estate market fairly priced. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Coal India moving forward with plans to install 3GW of solar capacity by 2024

first_imgCoal India moving forward with plans to install 3GW of solar capacity by 2024 FacebookTwitterLinkedInEmailPrint分享ETEnergyworld.com:State-owned Coal India on Monday said it plans to set up 14 rooftop and ground-mounted solar power projects of 3,000 MW capacity by 2023-24 which will entail an investment of Rs 5,650 crore. Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company. Solar power initiative is a part of CIL’s diversification plans, the PSU said in a filing to BSE.The likely investment would be around Rs 5,650 crore, it said. While Rs 3,650 crore is planned to be invested through CIL’s capex, till 2023-24, the rest would be met through joint venture models that the company intends to pursue for this initiative.Synergising their efforts, CIL and NLC India Ltd have floated a joint venture entity ‘Coal Lignite Urja Vikas Private Ltd’ to develop 1,000 MW solar power projects.CIL has also tied up a JV with NTPC and an MoU with Solar Energy Corporation of India for solar projects of 1,000 MW each, the progress of which is being worked out individually.Additionally, the solar power initiative helps CIL reduce its whopping annual power consumption expense, which was around Rs 3,400 crore ending FY2020, accounting for around 4.4 per cent of the revenue expense for the year. Any saving under the power bill would also bolster the bottom line of the company to that extent, the PSU said.Besides establishing solar projects, CIL is in discussions with NTPC Ltd for purchase of 140 MW solar power under the Centre’s CPSE scheme. Cumulatively, it adds up to little over 3,000 MW by FY2024.More: CIL to set up 3 GW solar power projects of Rs 5,650 crlast_img read more

Pulis wants window to slam shut

first_imgWest Brom boss Tony Pulis admits he is eager to reach the end of a “messy” transfer window as Tottenham step up their pursuit of striker Saido Berahino. Press Association “I know we are living in an age where no club can say ‘never’ about the possibility of selling a player. “However, the prospect of selling Saido is simply not on our agenda. “We are going forward with Saido very much in our plans and still striving to add players to improve the balance of our squad.” On Tuesday the Baggies announced they had rejected a reported £15million bid from Spurs for England Under-21 international Berahino, who scored 14 Barclays Premier League goals last season. Pulis is also frustrated by his side’s failure to score in their two opening league games – a 3-0 defeat to Manchester City and a goalless draw with Watford – and hopes reaching September 2 and the end of an “unsettling period” will help focus hearts and minds. He told the Daily Mirror: “I am concerned that we haven’t hit the button yet. “We are still trying to find our way. It has been a little bit of a messy window for us. “There is loads of stuff going on behind the scenes you don’t really want going on. “We are trying to bring players in and then players will go out as well. “As soon as we get through the window we can settle down and then start preparing the team the way we want to prepare it for the season. “It is an unsettling period and as I have said before the window should close earlier and then everybody should concentrate on the football.” Despite the recent club-record arrival of Salomon Rondon, for £12million from Zenit St Petersburg, West Brom remain keen to keep Berahino – one of the country’s top English talents – at the Hawthorns. ”We have no interest in selling Saido which is what I have told (Tottenham chairman) Daniel Levy,” chairman Jeremy Peace said in a statement published on the club’s official website on Tuesday. last_img read more

Family Fun Day at Lacey Community Market on Saturday

first_imgSubmitted by City of LaceyMagic, marimba music, and a myriad of reptiles will delight all ages at the Lacey Community Market in Huntamer Park this Saturday, August 9. In addition to free entertainment, the market will also feature more than 60 vendor booths offering flowers, produce, food, bakery treats, hand-crafted gifts, and re-purposed treasures.The theme of Saturday’s market is Family Fun Day! Kids will enjoy free face-painting, hands-on activities, balloon animals, and inflatable rides including the 21-foot mega-slide and a bounce house. The entire family will be entertained at our main stage by “Reptile Man” Scott Petersen and his menagerie at 11:00 a.m., the joyful Mukana Marimba band at noon, spell-binding magician Michael Budd at 1:00 p.m., and a Zumba dance party at 2:00 p.m.In addition to unique vendors, great food, activities and entertainment, the market also offers plenty of free parking and a pet-friendly atmosphere.The Lacey Community Market is held every second Saturday in the summer at the beautiful Huntamer Park, just four blocks from the freeway on Woodland Square Loop at College Street, behind the Lacey Fred Meyer. Market times are from 10:00 a.m. to 4:00 p.m. New vendors are welcome. More information can be found on the city’s official website at www.ci.lacey.wa.us/market. Facebook0Tweet0Pin0last_img read more

Thurston County Public Health Successfully Leads Critical COVID-19 Containment Efforts

first_imgFacebook132Tweet0Pin0Throughout the COVID-19 pandemic, Thurston County Public Health (Public Health) has proven that its systems and planning efforts are effective in keeping our county’s residents safe and healthy. Working closely with Thurston County Emergency Management (EM), Public Health and their team of infectious disease experts have directly contributed to keeping our case count relatively low compared to other Washington counties during the first few months of the pandemic.The Thurston County Emergency Coordination Center (ECC) has been activated in response to the global COVID-19 pandemic since January. The ECC is used as an administrative and logistical hub for natural disaster response such as flooding. Although the ECC has had far fewer people physically in the building during the COVID-19 response, the work is no less urgent. Photo courtesy: Thurston County“One of our primary roles is to ensure our healthcare system is ready and has the capacity to meet the needs of the community,” says Schelli Slaughter, director of Thurston County Public Health and Social Services. Her team has been working closely with hospitals, clinics, long-term care facilities and medical first responders to be sure they have the equipment and capacity to meet potential demand. This includes making sure our hospitals had enough ventilators, ICU beds, and personnel. “All local hospitals are committed to reserving bed capacity in the event we need it” explains Slaughter.Early on in the response, there were not enough face masks for front line workers. The Thurston County acting Health Officer, Dr. Diana Yu had the difficult task of allocating available resources to the entities that needed them most. As Thurston County forged on through the crisis, residents took the governor’s “Stay Home, Stay Healthy” orders seriously and the supply chain improved. “It was really helpful for us to be able to catch up and make sure our medical facilities had what they needed to prepare for a potential surge,” explains Slaughter.Public Health is also responsible for ensuring that everyone in the county who has been exposed to COVID-19 has a safe place to stay in isolation or quarantine. They have worked closely with Thurston County Emergency Management to secure a contracted care facility with over 100 beds where any individual who has been exposed to COVID-19 can stay in isolation or quarantine depending on their circumstances. Quarantine is for individuals who have been exposed to the disease but are awaiting test results. Isolation is required for all confirmed cases. This level of preparedness is essential for people who live with a high-risk individual and for people who are otherwise unsheltered.All staff and visitors arriving at the ECC must pass through a screening check point where a staff member takes their temperature. Visitors must also verbally confirm they have no symptoms of COVID-19. If an individual has a fever, they must leave immediately. Photo courtesy: Thurston CountyKurt Hardin is the director of Emergency Services, the department where Emergency Management is housed. He oversees the functionality of the Thurston County Emergency Coordination Center (ECC), which has been in an activated state since February for the Nisqually Flooding with a transition in March to serve as a logistical and administrative hub for the local pandemic response. His team is expandable, with 20 personnel working during normal times and up to 200 when there is a demand like we have now. This includes medical, logistical and administrative personnel, as well as PPE distribution for local healthcare. “It’s important that we have the capacity available in case we see a surge,” Hardin explains. “We can’t wait until the need is there to coordinate this system.”Preparedness is a key component of Public Health’s work supported by EM. Another vital aspect of Public Health’s work is contact tracing. Public Health’s team of disease investigators and contact tracers has swelled from 3 staff to 40 in the last 2 months. “This is a small but mighty team of dedicated, inspiring, hardworking individuals with a single purpose of protecting the health of Thurston County,” says Jeanie Knight, division director of disease control and prevention at Public Health.When a person tests positive for COVID-19, Knight’s team of infectious disease experts are responsible for collecting information from that person to aid in the prevention of spreading the disease. Individuals are asked to identify anyone who has been within 6 feet of them for longer than15 minutes in the 48 hours prior to showing symptoms. They are also asked to remember and share every place they have been outside their home. Once the infectious disease team has this information, they can start to determine where the individual contracted the disease and who else needs to be alerted to the possibility of infection. It is extensive investigative work that takes time. “We take this work really seriously and we do it as quickly as we can,” says Slaughter.Among the most important goals of Public Health is ensuring the public has access to reliable information from vetted scientific sources. If you have questions about any aspect of this outbreak or our county’s response, start by visiting the Thurston County Public Health website on COVID-19.One of the challenges Slaughter has observed is that because Thurston County has had a relatively low number of cases, there may be a false sense of security as we move into recovery. “We’ve seen smaller communities around the state be hit with some of the most devastating instances of loss and we don’t want to see that happen here. We don’t want to take that risk. The economy can come back but people cannot,” says Slaughter.Hardin, Slaughter and Knight all reiterate what an incredible team effort this has been on the part of the entire community. “We feel lucky to have the community we do here in Thurston County. I think it’s why our community is doing so well, because we can come together in a time of need,” says Slaughter. “I’m proud of every single person that has been a part of this response.”Sponsoredlast_img read more