2018 | Thinking about Acquisitions or Debt at this point in the cycle

How do you all view going into acquisitions at this point into the cycle or going into a private debt fund?

Do you have reservations making a move? Or are you content going into either or if it's a big enough shop?

17 Comments
 

Be mindful of where you go - but no need to avoid acquisitions altogether. Companies that have been piling on leverage and relying on speculative rent growth/leasing assumptions might be a risky move, but that doesn't describe everyone. Lot of shops have a lot of dry powder and are waiting for a pullback to deploy- definitely wouldn't expect mass layoffs across the board.

Haven't worked on debt side, but I have heard that space is getting more competitive. If you are convinced on an impending downturn, wouldn't rule out AM side if the funds start taking buildings back.

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