Known Knowns, Known Unknowns, Unknown Unknowns: Real Estate Investing in a Time of Uncertainty

Real estate investing always involves the underwriting, pricing, and management of a number of risks. Many of these are local and asset-specific. But understanding the impact of macroeconomic, capital market, and demographic risks are also critical to successful property investment. There are times when economic and capital market trends seem relatively benign if not predictable. This is not one of those times. This presentation will focus on what is "known" about the macro environment, what has changed or is expected to change that may be best classified as a "known unknown" and finally what are the "unknown unknowns" that investors should be considering.