Mention “mall,” “hotel,” or “land” to many commercial real estate lenders and it will likely be a short conversation – for good reason. Retail properties have been suffering for years due to the rapid growth of e-commerce. Hotel cash flows can be erratic, particularly when a pandemic comes along, and halts worldwide travel. Land values […]

There’s been a lot of reports lately that major cities like New York, San Francisco, Chicago and Los Angeles are losing thousands of people to the “glorious” states of Florida, Texas, and Nevada, to name a few. The suggestion is that the old Gateway Cities are done for, given their high taxes, cost of living, […]

For Women’s History Month, we asked the ACRES team to share which women inspired them and had an impact on their lives. For Chief Marketing Officer Lynne Viccaro O’Leary, that person is American scientist and autism activist Dr. Temple Grandin. “Dr. Grandin is not only renowned for her groundbreaking work for the humane treatment of […]

For Black History Month, we continue to honor pioneers of our industry. Maggie L. Walker (1864-1934) was the first African-American woman in the U.S. to charter a bank, the St. Luke Penny Savings Bank, and serve as its president. The bank’s leadership also included several female board members. As an advocate of African American women’s […]

Viola Mitchell Turner (1900-1988) was hired by North Carolina Mutual Insurance (NCMI) in 1920. Turner became the personal secretary to Charles C. Spalding, one of the North Carolina Mutual Insurance founders. Over 36 years Turner slowly rose through the ranks of NCMI, with her investment advice and portfolio management earned the company over $1 million. […]

To paraphrase Twain, rumors of the demise of student housing development for this year were greatly exaggerated. Student housing can be categorized as the collapse that never was. After a strong 2019, occupancy rates remained relatively strong in 2020, even during the prolonged lockdown and pandemic-related restrictions. In fact, the industry reported collections above 97 […]

In honor of Black History Month, ACRES continues to celebrate pioneers of our industry. Jane Bolin (April 11, 1908 – January 8, 2007) achieved many firsts: She was the first woman of color to graduate from Yale Law School, the first to join the New York City Bar Association the first to join the New […]

In honor of Black History Month, ACRES pays tribute to the pioneers of our industry. Philip A. Payton, Jr. (February 27, 1876 – August 1917) was a real estate entrepreneur who is considered the “Father of Harlem.” Starting his career as a porter in a real estate office, Payton decided to create his own firm […]