#sternlicht

[clock-lightning1955]

nicht jugendfreier Film in der vorletzten Reihe

ein singender Schnürboden

Otello geht im Freischütz spazieren

und ich häng in deinem Garten

[raghavsapra]

Berry Sternlicht -- "Strange Capital" in Real Estate

It's a new world in real estate. Interest rates in the US are so low that sovereigns see real estate as inflation-protected bonds.

"Real estate guys are having to get used to the fact that we're seeing a lot of strange capital in our market that's here as a fixed-income investment ... You're seeing it. Look out the window. These buildings, every one of them, is a bond to these investors..."

"...It's getting to the point of absurdity when they already own all these [low-yielding] bonds...I can buy more Treasurys which we print more of ... or I can own a real asset, which might benefit someday if there's inflation."

-- Barry Sternlicht, CNBC Interview