Sride provides its own in house management team. It also has the management contract for Investore. Does anyone know which of the other property companies have in house management.
I was wondering whether, or not, it can be shown that in house teams produce better results over time.
Blackstone paid $605M in 2014 for a New York building and spend millions on renovations
Just sold it for $185m
What a haircut
US office has gone from scary to apocalyptic for many cities across the US says @TripleNetInvest
The commercial property sector is a pretty significant problem in the US.
Lots of Korean & European investment in that sector as well, China I suspect to.
Got a bit of a whiff of a subprime mortgage type situation about it....
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