Unable to attend the 2025 NYU Conference? Check out hotelAVE Takeaways on NYU Conference!
THE MORE THINGS CHANGE, THE MORE THINGS STAY THE SAME
– Jean-Baptiste Alponse Karr
1) No discernable top line operating trends and labor costs weigh on margins. This uncertainty challenges deal underwriting – buyers are not stretching and continue to wait out seller capitulation.
2) Was the very low conference attendance reflective of the fact that the transaction market is stagnant?
3) As a result, refinancing activity remains robust. Lenders competing for sales transactions expect to execute a refinancing.
4) Despite a 7% delinquency rate for CMBS loans (a likely indicator of private lender delinquency as well), lenders continue to work with borrowers to give time to sell. Lenders acquiescing to short sales is growing.
5) Conference participants noted increasing utilization of different artificial intelligence platforms for different tasks – trip planning and itineraries, market intelligence, revenue management and legal research to name a few. Our industry has historically been a slow adopter of new technologies; however, the speed of AI adoption will invariably be faster than previous technology rollouts.
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