We currently view shares as significantly overvalued.
Although the pandemic has proved the viability of remote work, we think offices are here to stay.
Despite a tough quarter, we think the commercial real estate broker is undervalued.
This REIT should be better insulated from the deleterious impacts of the COVID-19 pandemic.
We expect near-term turbulence but healthy growth in the long term.
Long-term leases should mitigate the short-term impact.
Despite the WeWork debacle, flex space gives office real estate a new lease on life.
Investors and participants in REITs should pay close attention to the opportunities and risks.
We think fears of overbuilding in Manhattan are unwarranted.
We still think JLL is undervalued, however.