SHIFT: The Change in Risk, Capital, and Borders
Jim Costello, Senior Vice President, Real Capital Analytics
Investment activity by cross-border investors in the US has totaled $474.2b over the last decade. This capital flow has come at a time when capitalization rates in the US have hit record low levels. The cap rate compression does not necessarily follow from the cross-border flow of capital. Both forces draw from the same well.
Spring 2019 Summit - Digital Edition
Spring 2019 Summit

Current SUMMIT Edition

What is SUMMIT?

SUMMIT is an offical publication for AFIRE: A Fellowship for International Real Estate. The biennial publication features articles from AFIRE thought leaders and guests and reports from AFIRE conferences. If you are interested in contributing, please make sure to contact Gunnar Branson as soon as possible.
Real Estate Investing & Analytics
by: John D’Angelo, Managing Director and US Real Estate Consulting Leader, Deloitte Consulting LLP



Real estate, as an institutional asset class, is significantly behind other asset classes with respect to leveraging data and analytics as a means to help drive alpha. Not only have public asset classes been putting data to work for decades, most public managers would agree (if they’re being honest) that it’s becoming very difficult to generate alpha in these asset classes because large managers have been putting big data, data science, and advanced analytics to work for years to identify opportunities and risks, and incorporate these tools in their investment processes and decision making.
Moving Beyond Fear: Understanding yourself, the world, and real estate trends



Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we can fear less.” — Marie Curie
The quote from the Nobel Prize winning scientist, who lived from 1867 to 1934, still resonates in today’s world. “To a great extent, we are all in a state of heightened fear as we talk about markets, the economy, politics, what’s going on in Europe, the United States, China, the changes in technology, and other disruptive influences. And our reactions quite often are determined by how afraid we are. We become more emotional. It becomes difficult for us to tolerate someone who’s saying something that scares us. So, we shut down. The only solution as far as I can tell is for us to spend more time understanding,” said Gunnar Branson, CEO of AFIRE.
Sequencing the DNA of Real Estate
by: Guy Zipori, Co-Founder and CEO, Skyline AI



For decades, the three things that mattered most in real estate investing were – of course – location, location, location. This is no less true today than it’s ever been. But when it comes to comps, using immediate location exclusively as a reference base for analysis gives us a very narrow way of understanding assets, and obscures crucial bigger- picture truths.