Is The Capital Stack For Office Real Estate Evolving?

The Caleb Parker Show

Connect with the WorkBold Podcast Team:

• Host Caleb Parker: LinkedIn

• Collaboration Partner Morgan Pierstorff: LinkedIn

Summary: Award winning podcast host and Founder of Bold, Caleb Parker sits down with Kari Pitkin, Head of Client Solutions at PIMCO Prime Real Estate. In this episode, recorded live at the ULI conference, Carrie shares insights on navigating the complex landscape of real estate investment amid uncertainties like rising interest rates, geopolitical tensions, and the evolving ESG framework. The discussion touches on the challenges and opportunities in the market, emphasising the importance of patience and a long-term view. From repositioning brown buildings to green to addressing the changing demands of occupiers, Carrie provides a strategic perspective on sustainable and resilient real estate investments. The conversation delves into the evolving dynamics of office spaces, the impact of the pandemic on space usage, and the emergence of opportunities in logistics, residential, and alternative assets. Highlighting the need for a flexible approach, the podcast explores the significance of high-quality locations, services, and amenities in the modern real estate landscape. The episode concludes with valuable insights into the capital stack, emphasising the potential in debt credit and special situations to unlock returns for investors.

Takeaways:

• Explore the Kremm decarbonization pathway for aligning buildings with sustainability goals.

• Stay informed about energy efficiency deadlines and regulations impacting real estate, especially in Europe.

• Consider the opportunities in logistics, residential, and alternative assets for potential real estate investments.

• Keep an eye on the evolving dynamics of office spaces, focusing on high-quality locations and flexible solutions.

• Evaluate the potential in debt credit and special situations within the capital stack for unlocking returns in the current market conditions.

Connect with today’s guest:

• Kari Pitkin LinkedIn

• Pimco Real Estate Website

Connect with the WorkBold Podcast Team:

• Host Caleb Parker: LinkedIn

• Collaboration Partner Morgan Pierstorff: LinkedIn

Sponsors:

NorNorm: Website | LinkedIn

NORNORM is a subscription-based furnishing model, letting your business adapt to the needs of tomorrow. Beautiful, affordable and fully circular. NorNorm's vision for the workspace of the future is simple. Place circularity at the core and demonstrate how this is better for business, people and the planet. By embracing NorNorm, real estate can drastically produce CO2 emissions and waste production, driving us closer to a greener future.

Fortune Favours the Bold: Website | LinkedIn

Bold merges property management & Space-as-a-Service to help office customers grow faster and drive asset value. Bold is a real estate brand owned and operated by NewFlex.

Future Proof Your Portfolio with NewFlex: Website | LinkedIn

NewFlex delivers and manages a range of branded solutions for every type of building, in every type of location, for every type of occupier. Including the flexibility to develop your own brand. All enabled by flexible management contracts where we are invested in making money for you.

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