{"id":1004173102,"date":"2017-04-18T03:33:06","date_gmt":"2017-04-18T11:33:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173102"},"modified":"2022-12-09T01:18:16","modified_gmt":"2022-12-09T09:18:16","slug":"survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/","title":{"rendered":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004116730\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004116730\" data-attachment-id=\"1004116730\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/potential-peril-abound-in-sears-ggp-deal\/jim-costello\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg\" data-orig-size=\"448,314\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;?????????????????????????????&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 2014 Ryuji Suzuki&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Jim Costello, RCA\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jim Costello, RCA&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg?w=448\" class=\"size-medium wp-image-1004116730\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg\" alt=\"Jim Costello, RCA\" width=\"300\" height=\"210\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg 448w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg?resize=300,210 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004116730\" class=\"wp-caption-text\">Jim Costello, RCA<\/p><\/div>\n<p>U.S. institutional investors plan to reduce their new capital commitments to real estate by an average of 19 percent in 2017, it was announced Monday with the release of the 2017 Institutional Investors Real Estate Trends report. On the other side of the coin, the report, which is based on the latest annual investor survey by Institutional Real Estate Inc. and Kingsley Associates, indicates that U.S. players do plan to commit $62 billion of new capital to CRE this year.<\/p>\n<p>While average new capital commitments to real estate are expected to decline compared to 2016, the survey states that fully 72 percent plan to be active with new commitments to real estate this year. The survey\u2019s participants ranked industrial assets as the most attractive property type for new investments, followed by multifamily.<\/p>\n<p>The decline in new capital flows can be attributed mostly to two factors, Kingsley Associates Principal Jim Woidat said in a prepared statement. <em>\u201cU.S. survey respondents reported real estate holdings exceeding their target allocations to real estate, which reduces the need for new capital commitments. In addition, investors report a significant uncalled capital overhang of $47 billion, which also limits the need for new capital deployment.\u201d<\/em><\/p>\n<p><em>\u201cReal estate investors have enjoyed healthy returns post\u2013global financial crisis, but it\u2019s evident from the survey that they are showing more caution at this point in the cycle,\u201d<\/em> added Geoffrey Dohrmann, president &amp; CEO of IREI. <em>\u201cU.S. investors dialed back their total return expectations for real estate from 8.7 percent last year to 7.4 percent for this year. However, on a risk-adjusted basis, respondents ranked real estate as the most attractive asset class for the seventh consecutive year.\u201d<\/em><\/p>\n<p>The survey also indicated that U.S. core and value-added properties would receive the majority of new real estate investment capital, at 33 percent and 27 percent, respectively. U.S. investors reportedly also plan to allocate 20 percent of capital to opportunistic investments, and 8 percent of capital to debt products. Foreign investments are targeted for 7 percent of the capital, and 5 percent was earmarked for real estate securities.<\/p>\n<p><em>\u201cThis notion that investors have an overhang of uncalled capital fits with what we are seeing in the transaction market,\u201d<\/em> Jim Costello, senior vice president at Real Capital Analytics, told <em>Commercial Property Executive<\/em>. <em>\u201cDeal volume for commercial property transactions is falling at double-digit rates on a year-over-year basis. At the same time, prices are largely holding steady.\u201c<\/em><\/p>\n<p><em>\u201cTo me, this disconnect \u2026 says that buyers are a little resistant to the high prices at the moment, but at the same time, sellers are not motivated to sell assets, so we get a hung market.\u201d<\/em><\/p>\n<p><em>\u201cThat breakdown of core, value-add and opportunistic investment fits with what we have been seeing with the actual deployment of capital in that market under $100 million, where the trends do not get distorted by big one-off deals,\u201d<\/em> Costello explained.<\/p>\n<p><em>\u201cThe more interesting question is, Where will they be able to deploy that 33 percent of their capital to actually find core deals? For some where the lot-sizes make sense, I think we will continue to see more activity in the secondary markets where going-in cap rates are a little higher,\u201d<\/em> he concluded.<\/p>\n<p>This is the 21st year IREI and Kingsley have jointly conducted this survey. This year&#8217;s study reportedly elicited record participation, with 164 responses, comprising 113 U.S. and 51 foreign investors representing $7.9 trillion in total assets and $741 billion in real estate assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.<\/p>\n","protected":false},"author":882,"featured_media":1004116730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,21783,23891,21742],"tags":[35044,35043,34006],"class_list":["post-1004173102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-investment","category-national","category-latest","tag-jim-costello","tag-kingsley-associates","tag-real-capital-analytics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Institutional Investors Upbeat About CRE, but Cut Commitments Anyway - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway\" \/>\n<meta property=\"og:description\" content=\"A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-18T11:33:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:18:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"314\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway\",\"datePublished\":\"2017-04-18T11:33:06+00:00\",\"dateModified\":\"2022-12-09T09:18:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/\"},\"wordCount\":586,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/JIm-Costello.jpg\",\"keywords\":[\"Jim Costello\",\"Kingsley Associates\",\"Real Capital Analytics\"],\"articleSection\":[\"Featured\",\"Finance\",\"Industrial\",\"Investment\",\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/\",\"name\":\"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/JIm-Costello.jpg\",\"datePublished\":\"2017-04-18T11:33:06+00:00\",\"dateModified\":\"2022-12-09T09:18:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/JIm-Costello.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/JIm-Costello.jpg\",\"width\":448,\"height\":314,\"caption\":\"Jim Costello, RCA\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/","og_locale":"en_US","og_type":"article","og_title":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway","og_description":"A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.","og_url":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-04-18T11:33:06+00:00","article_modified_time":"2022-12-09T09:18:16+00:00","og_image":[{"width":448,"height":314,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway","datePublished":"2017-04-18T11:33:06+00:00","dateModified":"2022-12-09T09:18:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/"},"wordCount":586,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","keywords":["Jim Costello","Kingsley Associates","Real Capital Analytics"],"articleSection":["Featured","Finance","Industrial","Investment","National","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/","url":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/","name":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","datePublished":"2017-04-18T11:33:06+00:00","dateModified":"2022-12-09T09:18:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","width":448,"height":314,"caption":"Jim Costello, RCA"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/survey-institutional-investors-upbeat-about-cre-cutting-commitments-anyway\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Institutional Investors Upbeat About CRE, but Cut Commitments Anyway"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/JIm-Costello.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004173102"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173102\/revisions"}],"predecessor-version":[{"id":1004173138,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173102\/revisions\/1004173138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004116730"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004173102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004173102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004173102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}