Finance Bites™

Wally Smith: I saw, I think you might have posted it, interview with Howard Lutnick on in Davos with Maria Bartiromo. It was brief, but he wasn’t forecasting that, okay, we’re going to be back to zero, one, two, 3% interest rates. He was basically saying this new normal is probably what we should expect.…

Wally Smith: We had a call, gosh, last week, and we were talking about typical interest rates, and again, we never talked product on the show, but the interest rates that are typical in the DST space. And he said, he saw this other project that was paying a ginormous interest rate and it turned…

Wally Smith: We talked about master leases. Have you seen anybody successfully yet doing master leases with single family rental communities? Jeff Hertz: There are a few sponsors that have gotten involved in that space, and I think there’s a lot to be attracted to that space. It is much more, I think, management intensive…

Wally Smith: When we look at interest rates, we can’t stop today without talking about interest rates and how things have changed. I know you were author back in November of an article that was, I think in real estate assets, one of the trade magazines. He was talking about the 60, 40 portfolio being…

Wally Smith: Well, talk a little bit about master leases because you said there’s seven deadly sins. One of them is you can’t change the lease, right? So you’re a DST, you set up a trust, it is now leased to Acme Corporation or Walgreens or Amazon, pick a name. And they’ve got a lease…