In mid-late March, The MacroStrategy Partnership argued that the massive coordinated fiscal and monetary policy response to the covid lockdowns would, over time, drive a reflationary recovery in macro and markets. To date the reflation in markets has been narrow; there has been some risk-on, some dollar weakening, a strong performance from precious metals and a recovery in resources. But we haven’t yet seen the sustained sell-off in bonds and the outperformance of value vs growth that you would expect from a full reflation. This is down to five ‘circuit breakers’ that have prevented policy from fully powering a reflationary recovery:

We will be discussing current trends and market conditions in Hospitality, Multi-family, Retail and Office Real Estate with four, esteemed panelists. With us today are Joseph Dematteo – Founder & President of JDM Capital, Tony Barkan – CEO & Co Managing Principal of Allagash Partners, Mike Mangione – Director, Family Office & Advisor Relations for Group RMC USA, and Dr. Bharat Sangani – Chairman of Encore Enterprises.

We find ourselves in a truly unique and uncertain time period. Covid-19 is creating untold devastation on our economy. Although there have been many signs of improvement in the past few months, we believe there will be a wave of bad debt and bank balance sheets that could crumble under the pressure of distress. While we can't predict or pretend to know the total number of bad loans or what the bottom of the market might look like we do understand that there will be substantial opportunities in the market for distressed investing.

This panel brings together investment professionals to discuss Real Estate investment opportunities, particularly for private credit, private debt, and direct lending. Join us to learn more about the state of the Real Estate investment market, post-election environment, credit risk issues, and investment considerations. Topics include:

In "The Impact of Technology on Real Estate," I will discuss emerging technology that will affect various real estate asset classes. Many real estate investors are not including technological risk in their evaluations of opportunities. Having these technological advances on your radar will create an opportunity for you to assess how they will directly or indirectly impact your potential investments. The pace of the adoption of technology is much quicker than markets anticipate. We will dive into a few technologies that are colliding into each other, reinventing products, services, and industries. I will also discuss how COVID along with technological advancement will expedite the timeline for change, just as the 2008 crisis saw the birth of the "Sharing and Gig Economy" the COVID crisis will see the birth of the "Collaborative and Distance Economy."

The disruption in the institutional credit markets, non-bank and other burgeoning market inefficiencies are creating abundant opportunities for an experienced group to leverage its deal channels and utilize a thorough due diligence approach to produce attractive returns while preserving capital.

In a similar fashion as the Great Recession, the COVID response has created massive economic dislocations and markets have forcefully separated winners from losers across various asset classes. The flights to quality and safety are still playing out but 4 real estate verticals are clearly strong and resilient: multifamily, industrial, data centers and medical office. In a choppy, low yield environment, it pays to invest in cash flowing, non-correlated assets with pricing power. We pioneered investing in “workforce housing” and “naturally-occurring affordable housing” in 2013 before either term was widely used and the demand for market rate affordable housing has been insatiable ever since.

FLAIA launched an online digital platform in 2019 and has made great strides in rolling it out to supplement the Buy-Side Discovery and Due Diligence process. FLAIA designed the platform to conform to the rigors of a busy life not knowing that people would be further hindered by COVID -19. The platform uses investor preferences and deal highlights to make a market in alternative investments with the mission and vision of being the world's leading marketplace for alternative investments and alternative investment education. Michael Corcelli, the Founder & Chairman of FLAIA will demonstrate the platform in real time showing how the deal marketing, due diligence and fund raising process is fully digital and compliant with securities rules, regulations and compliance.