Tower Capital, LLC

🌟 Team Lunch at Isabella's Kitchen! 🌟 At Tower Capital, we believe that a strong team is the foundation of success. Today, we took some time to enjoy a beautiful Friday lunch at one of our favorite spots, Isabella's Kitchen, overlooking the stunning Grayhawk Golf Course in Scottsdale. 🏌️♂️ These moments of connection and camaraderie are what make our work environment truly special. We’re more than just colleagues—we’re a team that supports each other, both in and out of the office. 🚀 #TeamTowerCapital #CompanyCulture #ScottsdaleLife #RealEstateFinance #GrayhawkGolf #FridayVibes #WorkLifeBalance

We’re headed to the Lone Star State for Connect CRE's Connect Texas Multifamily this month. Tower Capital plans to have a strong contingent of folks in Dallas including Kyle McDonough, Adam Finkel, CCIM, George Maravilla, and Michaela Clark. George will be speaking on the Development & Redevelopment panel. Expect him to bring a host of insights and leading-edge trends for the development market, as well as touch on how we're arranging capital for projects right now. Please reach out to us if you want to talk through your capital needs for commercial real estate in all asset classes nationwide, whether that be BTR developments, retail, industrial or multifamily projects. (Our contact information is below our pictures.) We look forward to seeing y'all there. #CRE #financing #connecttexasmultifamily2024 https://hubs.la/Q02JX6ks0

We’re headed to the Lone Star State for Connect CRE's Connect Texas Multifamily this month. Tower Capital plans to have a strong contingent of folks in Dallas including Kyle McDonough, Adam Finkel, CCIM, George Maravilla, and Michaela Clark. George will be speaking on the Development & Redevelopment panel. Expect him to bring a host of insights and leading-edge trends for the development market, as well as touch on how we're arranging capital for projects right now. Please reach out to us if you want to talk through your capital needs for commercial real estate in all asset classes nationwide, whether that be BTR developments, retail, industrial or multifamily projects. (Our contact information is below our pictures.) We look forward to seeing y'all there. #CRE #financing #connecttexasmultifamily2024 https://hubs.la/Q02JX6ks0

The size of the global professionally managed real-estate market declined in 2023, led by a contraction in the U.S., reports MSCI Real Assets. Yet, researchers found that some markets increased in size, staunching a larger global decline. It is always fascinating to consider the sheer size and impact of the global universe of professionally managed commercial property and by property-type. It is worth a read of this report [link below] to gain a deeper understanding of the relative size of real estate around the globe and to help guide investors about the best ways to map and balance their #CRE portfolios. https://hubs.la/Q02JX5RW0

New Addition: Today, we welcome Michaela Clark to the Tower Capital, LLC team! She is building a strong track record of success and we are confident she will be a valuable asset to the firm and our clients. #CRE #newadditions #growth

As was widely expected, on Wednesday The Federal Open Market Committee (FOMC) again held the federal funds rate in a range of 5.25%-5.50%. That marks eight straight meetings where the Committee has kept rates steady in an effort to bring inflation back to the central bank’s 2% target. A looser monetary policy is expected to be forthcoming, since officials also noted inflation is declining and that they are increasingly focused on the labor market’s health. #interestrates #financing #inflation via Connect CRE's Connect Money https://hubs.la/Q02JDHHF0

We're closely watching delinquencies for commercial mortgages, which declined slightly in Q2 2024, according to the Mortgage Bankers Association (MBA). MBA reported that 97.0% of outstanding loan balances were current or less than 30 days late at the end of the quarter, up from 96.8% in Q1. 2.5% were 90-plus days delinquent or in REO, unchanged from the previous quarter, while 0.2% were 60-90 days delinquent, down from 0.3% in Q1, and 0.4% were 30-60 days delinquent, unchanged from Q1. MBA’s head of commercial real estate research, Jamie Woodwell, was quoted as saying, "The delinquency rate for most property types declined last quarter, with the exception of loans backed by office properties, which experienced an increase. Even so, the pace of increase in the delinquency rate for office property loans appears to have slowed in recent quarters.” #CRE #lending https://hubs.la/Q02Jh-4R0

Economic activity in the U.S. was considerably stronger than expected during Q2, thanks to strong spending by consumers and the government, as well as a sizeable inventory build. That's according to an initial estimate last week from the Commerce Department. It says real GDP for the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. It will be interesting to see if these positive economic numbers hold up as the market keeps its fingers crossed for a lowering of interest rates soon. #GDP #economy #CRE via CNBC https://hubs.la/Q02J0W7H0

Trepp reported that CMBS issuance jumped in 1H to $42.29 billion. That's a nearly 3x increase from the same period last year and reflects the health of domestic, private-label CMBS issuance. To be fair, 2023 issuance was low as owners and bond buyers adjusted to higher interest rates and lower property values. That new normal seems to have set in as borrowers are again tapping the financing market, bond investors are finding favor with issues and lenders have made adjustments to offerings that meet demand. There has been a resurgence of single borrower deals. #financing #CRE https://hubs.la/Q02HJ_MR0

A recent Private Markets Global Survey from Hamilton Lane found that 70 percent of investment advisers plan to increase their private market allocations. Real estate was the third most popular private market fund category, behind equity and credit, with 66 percent of investors indicating they were allocated to the asset class. #CRE #investing #privatecredit https://hubs.la/Q02HH4BP0