Join James Foice ASAP CEO as he interviews Joe Stather, CRBE Associate Director Operational Real Estate Hotels – Advisory Services

The session will consider Joe’s role as Associate Director at CBRE, is the worst to come with the COVID-19 Tsunami and what CBRE are seeing from their clients.

Joe shares his thoughts on whether serviced apartments are well-positioned to exit this period and whether this is supported by investor confidence, future opportunities for our sector and whether there’s still an appetite for expansion and investment as well as the importance of innovation and what the future holds.

“We’re seeing a real hiatus in transaction activity caused by the fact that owners are doing their best to hold onto their assets and reluctant to sell at a heavy discount whereas you’ve got a lot of investors particularly the opportunistic funds and private equity funds that are out there looking for big discounts and to buy good products in strong locations at a pretty big discount so there’s a stalemate… the working capital issues will become more acute for some owners who will start to alter their expectations of what they could receive for their asset and as the recovery becomes more clear to the back end of the year investors will find it easier to underwrite deals which will result in more activity as we head towards Q4”