Bloomberg Terminals in CRE
Hey all, I work at an acquisition/development firm where we raise funds to purchase/develop large properties. We partner with institutional players on the equity and debt side.
Over the years there have been questions about buying a terminal for the office, my question is, where could we find use with a Bloomberg Terminal? We avoid CMBS debt, so I don't think it could help us there, but maybe other uses could be helpful. I have a little bit of recent experience using terminals in college.
I am sure many of you at larger REPE shops have terminals, so I am curious to see how you all use them if you even do. I would appreciate insight from everyone else as well, just want to pick some brains.
I've never heard of a firm that just does CRE having a terminal. What would you use it for...?
I've used the one in my office as an easy way of checking tenant credit ratings.
Unless an economist or you are actively involved in the actual placement and securing of the debt in open market activities, there is no need. We pay 20k per terminal and user, hell they charged me 450 per keyboard. They use biometric log-in now as well, so if you want full access to a lot of internal analytics of anything actively traded, CMBS, CLO, ACMBS, etc, it's harder on an open-access terminal. A couple of friends in M&A and Cap Mkts for larger companies, not in lending and securitization, use Cap IQ or the SP global, I think it's called.
Yes basically only if you are trading REIT debt or securitized products and buying sell fixed income (CMBS/RMBS/ABS/CLO) would you need a terminal in the CRE space.
If you’re not like in say the asset management business, no need to burn your cash. They are useful for data, surveillance of public markets and your holdings, but the main use is connectivity in the OTC market between different parties and the extreme support they give their user base. not useful if you don’t have traders interacting with other traders to buy/sell frequently.
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