Michael Cohen serves as Vice President, Advisory Services with CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces. Headquartered in Washington, DC, CoStar maintains offices worldwide with a staff of over 4,000, including the industry's largest professional research organization.
With views on markets in the United States, Canada and Europe, CoStar’s Advisory Services supports clients with independent expertise in real estate market analysis, real estate portfolio analysis, capital market conditions, investor communications and the design of actionable real estate investment strategies. Under Mr. Cohen’s leadership, Advisory Services provides a range of bespoke research services to a client list that represents a “Who’s Who” of global real estate market participants including commercial banks, insurance companies, Wall Street firms, government agencies, pension funds, investment advisors, real estate investment trusts, and private investors. Mr. Cohen regularly speaks to industry organizations, is often quoted in the national press, and has appeared on both CNBC and Bloomberg Television. Professional associations include the Pension Real Estate Association (PREA), National Multifamily Housing Council (NMHC) and National Apartment Association (NAA).
Prior to joining CoStar Group, Mr. Cohen worked for leading analyst organizations in both the real estate and technology industries. He received his B.A. from SUNY at Buffalo, J.D. from Cornell Law School, and M.B.A. from the Carroll Graduate School of Management at Boston College.
The pandemic has created significant problems for certain classes of real estate and while multifamily real estate has fared better than most, the impact of Covid on other sectors has created issues in the debt markets and in household income that has had an impact on all sectors and the economy in general. Defaults and foreclosures leading to discounted pricing have not yet occurred to any significant degree and while additional weakness is anticipated when eviction moratoriums are removed, the multifamily market is expected to remain stable due to pent up demand, agency lending and significant liquidity attracted to the sector.
The reason the fallout from Covid has been limited so far is largely due to actions taken by lenders, asset managers and tenants to work cooperatively in developing payment plans and workout solutions in lieu of taking more extreme measures.
Speakers: Kristina Garcia, Susan Tjarksen, John Hansen, Ernest Johnson, and Michael B. Cohen
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