Stephen Boyd
What the Inverted Yield Curve Means for CRE
Recession fears loom with investors piling into long-term government bonds, but the implications for commercial property are a mixed bag.
REITs Reap Rewards of De-Risking
The lessons of the financial crisis have made a lasting impact on these companies, positioning them for continued growth and stability through year-end, says Fitch Ratings Senior Director Stephen Boyd.
Fitch: More U.S. Lodging Consolidation Is Expected
The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.
Manhattan’s GM Building Lands $2.3B Refi
Boston Properties has completed a $2.3 billion refinancing of the 50-story, 2 million-square-foot trophy tower. The financing includes interest-only payments and matures in 2027.
REITs in an Era of Strong Policy Headwinds
The new administration hopes to accelerate U.S. economic growth by focusing on infrastructure spending and tax reform. But the more restrictive trade and immigration policies could present some challenges for equity REITs, explains Fitch Ratings Senior Director Stephen Boyd.