401(k) Real Talk Episode 55: April 12, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Fed Operating Losses Seen Growing with Higher Interest Rates
The Fed said last month that it recorded a deferred asset of $16.6 billion in 2022 after ceasing remittances to the Treasury. In its audited financial statement for 2022, the US central bank said payments to Treasury totaled $76 billion before they were ended, compared with $109 billion for the year before.
Blackstone Raises More Than $30 Billion for Giant Real Estate Fund
The company secured $30.4 billion of total capital commitments for the fund, called Blackstone Real Estate Partners X, according to a statement Tuesday. Blackstone’s latest fund is the largest of that type, according to PitchBook data going back to 2002.
Nine Must Reads for Real Estate Investors Today (April 12, 2023)
Diversified Healthcare Trust struck a merger agreement with Office Properties Income Trust, reports McKnights Senior Living. Commercial Observer looks at the conflicting pictures of what's going on in the multifamily sector. These are among today’s must reads from around the commercial real estate industry.
Why Cresset Brought Real Estate Investment Under its Banner
Cresset Real Estate Partners sources private market real estate investment opportunities for high-net-worth investors and family offices. It was a separate company until a partnership was formalized in 2021.
Why Cresset Brought Real Estate Investment Under its Banner
Cresset Real Estate Partners sources private market real estate investment opportunities for high-net-worth investors and family offices. It was a separate company until a partnership was formalized in 2021.
More SVB Advisors Depart After Bank’s Collapse
Exodus continues at SVB's private wealth division, with advisors most recently jumping to RIAs F.L. Putnam Investment Management, Cynosure Management and Cerity, according to SEC records.
Do Your Team a Favor, Learn to Delegate
Focus on the tasks you love while giving your staff responsibility and more autonomy.
Regional Bank Pullback Exposes Widest Spreads in Years on Commercial Mortgage Bonds
Risk premiums, or spreads, on the highest-rated commercial mortgage bonds averaged about 1.12 percentage point as of Thursday’s close. That’s close to the widest since the early part of the pandemic and before then, near the highest level since 2016.
RBC Snags $1B Team From Troubled First Republic Bank
The Todd Halbrook and Adam MacDonald Management Group in Newport Beach, Calif. is departing First Republic a little more than a month after some regional banks collapsed.
