Real Estate’s in Trouble as Economy Slows, Says Hines

Overview

Property markets are headed for trouble as the US economy slows and interest rates stay high, according to Hines, the global real estate investment manager. “We will probably see a bigger wave of assets in distress,” Alfonso Munk, who runs the firm’s debt business, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tolu Alamutu in the latest Credit Edge podcast. “What I’m worried about is the operating distress if we get into economic headwinds.” Munk and Alamutu also discuss investment opportunities and risks by property type, region and country, as well as the effect of the trade war on real estate markets worldwide.