Real estate space #3 – The Industrial Market

This space is hosted by daniel_foch

Space Summary

The Twitter Space provided a vibrant platform for discussions ranging from alien existence to flaws in education and societal norms. Key points included debates on Elon Musk's comments, questioning of data reliability, and reflections on personal freedom and economic disparities. The session emphasized the significance of clear communication and highlighted the influence of figures like Elon Musk on public opinion. Participants shared personal stories shedding light on broader societal issues and explored diverse perspectives on international politics and governance. The Space promoted critical thinking on technological impacts and societal control mechanisms, offering an insightful exploration of modern life and governance.

Questions

Q: Is there evidence to prove the existence of aliens?
A: According to Elon Musk and governmental investigations, no solid evidence supports the existence of aliens.

Q: What systemic issues in education were addressed?
A: The outdated school system, designed to maintain control rather than promote independent thinking.

Q: How does government overreach manifest?
A: Through various controls, such as policing, military, and regulatory actions, impacting personal freedoms.

Q: What impact do societal norms have on freedom?
A: They often constrain personal freedom and independent expression.

Q: What are the critiques of the current economic systems?
A: They perpetuate inequalities and prevent individuals from achieving economic freedom.

Q: How reliable is the data presented by authorities?
A: There is skepticism about the transparency and accuracy of data from powerful institutions.

Q: What personal stories were shared?
A: Participants shared stories illustrating broader societal issues such as economic hardship.

Q: What role do figures like Elon Musk play in public discourse?
A: As influential voices, they can sway public opinion and bring attention to specific issues.

Q: What were the perspectives on international politics?
A: Various views were shared on governance and the global influence of certain countries.

Q: Why is communication important in public spaces?
A: Clear and articulate communication is crucial for effectively conveying ideas and engaging audiences.

Q: What role does technology play in society?
A: Technology is a double-edged sword, providing benefits while also enabling control mechanisms.

Highlights

Time: 00:00:32
Introduction and greetings from participants

Time: 01:34:15
Articulation challenges in public speaking

Time: 01:34:37
Elon Musk's statement on alien evidence

Time: 01:35:14
Discussion on government claims about aliens

Time: 01:42:05
Critique of the education system

Time: 01:43:13
Examination of personal freedom within systemic controls

Time: 01:43:59
Reflection on global governance

Time: 01:44:15
Influence of economic systems on individual wealth

Time: 01:44:45
Importance of transparent and reliable data

Time: 01:45:30
Personal anecdotes shared by participants

Time: 01:46:15
Role of technological advancements in societal change

Key Takeaways

• Discussions on alien existence and evidence.
• Exploration of flaws in the education system.
• Concerns about governmental control and overreach.
• Critique of societal norms and their impact on freedom.
• Reflections on economic systems and wealth distribution.
• Questioning the reliability of data and transparency.
• Sharing personal anecdotes reflecting broader societal issues.
• Influence of figures like Elon Musk on public discourse.
• Diverse views on international politics and governance.
• Emphasis on communication in public spaces.
• Role of technology in societal change and control.

Behind the Mic

[DENNIS:] I just love this woman who has, I'm trying to call her, she's got a golden doodle, she has it down to such an art. [DENNIS:] That dog has a better life than her children. [DICK:] Oh my God. [DICK:] It's hard to argue. [DENNIS:] Yeah. [DICK:] I have a better life than my children. [DENNIS:] Right, right. That's right. [DENNIS:] I tell you, hey look, I want to start with Matt Anderson. [DICK:] We usually save Matt for last. So we are going to start with the king. This was really, I thought you did a great job interviewing Anthony Biddise, Matt, last time. What do you want to share with the audience today? [MATT:] Well, nice compliment, Dick. I'll just start off by saying we're going to be offering CPE as a bundle package for the remainder of our programs. So the next program that we have on August 30th, and a couple of other programs that we're going to be announcing, we do not yet have the specific date. We're going to be doing CPE again. [DICK:] Awesome. [MATT:] And so please make an effort to complete those. [DICK:] Great, thanks, Matt. [DICK:] Alright Heather, what about you? [HEATHER:] I think you know our whole DEI inclusion series is going on. It's been really successful. And I was very interested to hear today that they just appointed the first female as CEO at Berkshire Hathaway. So we are seeing a lot of movement in our industry around female and diversity, equity, inclusion. So definitely keep an eye out for that series as it continues. And then coming up in September, we're going to be doing our Mocktails and Cocktails networking series event. So that's a nice kickoff when some of the virtual elements come to a close soon. [DICK:] Yeah, it sounds like fun. [HEATHER:] Yeah. [DICK:] All right. Hey, what about you, Jeff? [JEFF:] Sure. We had one of our first in person events with the Dallas Fort Worth Chapter. We did something on August 2nd, really fun. And also coming up in September, we're going to start a podcast series, primarily focused on banking regulation, which is going to be put together mainly through our regulatory forum. So we're very excited about that and about some other in person activities that we'll be hosting soon. [DICK:] Okay, sounds great. Thanks, Jeff. All right. And Mike, I know you want to talk about our capital markets forum and what we're doing there. [MIKE:] Sure. I just want to say that this year has been very productive. We've had two webinars since our last broadcast, trying to pick up the pace again, focusing predominantly on the secondary market topics and ESG trends. So we're excited to continue capturing a lot of this new material and putting it out there for our forum members. So really well received. Glad to see the growth continuing on our side of the equation here. [DICK:] Excellent. Excellent. [DICK:] Alright, well that's been a lot of great updates. Great energy today. And do as Matt said, don't forget, as we get towards the end of the hour here, we'll give you a second opportunity to drop your email into the chat. [DICK:] Before we wrap up, do anything else. I think we got another 30 minutes or so. [DICK:] Can take some more questions as well. But that's, I think, the latest update from all the work that our community is doing and we encourage everyone to continue to attend, consume the content and participate. [DICK:] Great. Thanks, Mike. [DICK:] All right. So if you've got questions, put them in the chat, raise your hand. [DICK:] We'll walk through it. [DICK:] Yeah, let's bring Stuart back up. So Stuart, nice to see you. Let's kick it off with your intro on this latest topic you're focusing on. [STUART:] Sure. Hello, everyone. Dennis, Dick, Jeff. The topic that, you know, is kind of front and center now in commercial real estate, beyond just secondary markets and capital trends, is what we're seeing in sort of that asset class that always is recession resistant. [STUART:] And on a lot of conversations lately, that's, you know, multifamily is the primary example. And I think what's interesting is that this new affordability crisis has now expanded from just being in sort of your downtown to more of the surrounding suburban markets and cities that historically haven't experienced that rise. [STUART:] So that's a key thing we're seeing now. And this is causing a lot of turmoil but also a lot of potential opportunities for investing particularly for REITs. [JEFF:] You know, it's interesting Stuart, in the city that we're based in in Dallas, and Heather can handle things from New York, but we're seeing a almost across the board rise in the housing markets and the rent rates going up as well. So how do you balance that because you have certain segments of the market that are now priced out of what they see as a traditional affordable option, particularly when you're looking at middle income and even lower income renters. [STUART:] Good question. I mean, I think a lot of what we're seeing now is the increase in middle income, working class rental presence. And so that's driving a lot of this shift. So on one side, you've got the challenge obviously of affordability crisis. On the other side, you've got an advantage to capturing a lot of this new rent growth. That, again, is something REITs are particularly attuned to. So I say that it's definitely a balancing act. We're going to continue to see the reevaluation of portfolio investments and opportunities and even market re-entry strategies this year. [JEFF:] Thanks, Stuart. Really insightful stuff. It's nice that we've got someone, you know, with your expertise on the line and yeah, really appreciate those insights. [DICK:] Absolutely. All right. Well, Adam, Craig, are you both available? We'll go there next. [ADAM:] I'm here. [CRAIG:] Yep, I'm here. [DICK:] Great. OK, let's start with you, Adam. I'm curious, in your world of employee relations and satisfaction, what sort of the latest and greatest? [ADAM:] Sure. One of the biggest things we're seeing right now is continued high demand for flexibility. So a lot of employers are taking flexible work schedules and policies very seriously. That's a trend that doesn't seem to be changing anytime soon. And it's interesting in my conversations that I'm having with employers in our industry about employee satisfaction and motivation. [DICK:] Got it. Craig, anything to add on top of that? [CRAIG:] Yeah, I think Adam's right. I'm seeing the same thing as flexible work arrangements are here to stay. And it's really at the forefront now, given the return to office dynamic that has a lot of complexity. In particular, we're seeing companies get a lot more creative about what flexibility actually means, whether that's through hybrid schedules or even through alternate work weeks. So pretty interesting from that standpoint. [DICK:] All right. Well, I think the one thing I would leave the team with is when you look at the job market is that it's really quite bullish. You know, we're seeing a lot more openings than I think folks expected, and a lot of people transitioning away from just regular nine-to-five roles. [DICK:] I appreciate you guys coming on, Adam and Craig. So let's move to another update then. Megan, you've got some updates for us today, right? [MEGAN:] Yeah, I do. I actually just came back from the big annual development forum. And you know, while I'm not specifically in REITs, it was great gaining insights from leaders across the whole spectrum of commercial real estate. So the headline is, there's a lot of optimism out there right now, particularly as we look at new developments. Still some uncertainties around costs but the developers are definitely pushing forward. [DICK:] And that's great. What do you see across property types? [MEGAN:] So really it was across the board: office, industrial, multifamily, and retail. Seeing a lot more focus on how to better leverage technology, sustainability efforts to drive efficiency and, of course, enhanced tenant experiences because right now, amenity wars are in full swing. [DICK:] That's fascinating. Very interesting. Dennis? [DENNIS:] No, that's good stuff. I think one thing touching on what Megan mentioned about the amenity wars, we're seeing in some markets the transition or repurposing of asset classes. You know, this is particularly true for underutilized office and retail spaces. So possibly converting those into more vibrant mixed-use developments. [DICK:] All right. Thank you, Megan. [DICK:] Well, I see Chris on the line. Chris, do you have anything to add? [CHRIS:] Yeah, just want to quickly highlight the continued rise of ESG. It's becoming a shall we say a regulated area, where firms need to be extremely proactive about disclosures, compliance. You know, given the rise in investor demands for transparency there. [DICK:] Thanks, Chris. Appreciate it. All right. We're coming up to the hour. Looks like we covered quite a lot of ground. Any final thoughts? [DICK:] Dennis? [DENNIS:] I think we covered a lot here. I appreciate everyone's input. It's been a productive session. [DICK:] Great. All right. Well, with that, we're going to wrap it up. Thanks, everyone, for your time today. We'll see you next week. [DICK:] Bye. [EVERYONE:] Bye.