Real Estate: Promise and Peril | Deep Dive, Episode 5

Jonathan Rosenzweig discusses the impact of recent events as well as the long term outlook for the Real Estate sector with Matthew Lustig, Chairman of Investment Banking for North America and Head of the Real Estate & Lodging practice at Lazard, and Steve Sakwa, Managing Director and Real Estate Analyst at Evercore ISI. Covid-19 has had a massive impact on Real Estate, from offices to retail space to lodging. A new Democratic administration and rising interest rates also stand to impact the industry in meaningful ways. We explore how these factors will come together to shape the Real Estate sector going forward. Filmed on February 17th, 2021. Key Learnings: The episode touches on a wide variety of subjects, from the shifting focus of corporate boards to shareholder activism, consolidation and capital raising, tax rules, ESG and the outlook for various sub-sectors. Management teams need to carefully evaluate the balance between public and private capital. Should value stocks gain further momentum, the manufactured housing group likely will continue attracting attention.