In Focus: David Hodes on the impact of the pandemic on M&A activity
David Hodes, a founder and co-managing partner at Hodes Weill, discusses the momentum of M&A deals in the second half of 2020 and key drivers of transaction activity. See video here.
Big Managers Post 2nd-Quarter Gains
Four of the biggest public real estate managers reported positive gross returns in the second quarter. Results ranged from 1.4% to 4.4%, according to a review by Hodes Weill & Associates. The results were unexpected given the crushing impact of the coronavirus pandemic on property trades and downward pressure on valuations. Plus, the four firms – Apollo Global, Ares Management, Blackstone and KKR – all reported first-quarter write-downs of 1% to 8.8%. Still, Blackstone presid