This is an LFI episode and LFI is now part of PassivePockets.
Join us in this enlightening episode of Passive Investing from Left Field, where host Jim Pfeifer welcomes real estate maestro John Chang. Dive into the depths of real estate investment strategies, market forecasts, and the future of various asset classes as we prepare for 2024. Whether you’re a seasoned investor or just starting out, John’s insights will help you navigate the ever-evolving real estate landscape. Don’t miss out on this masterclass in making informed investment decisions.
About John Chang
Senior Vice President, National Director Research Services
Marcus & Millichap Real Estate Investment Services
John Chang serves as the National Director of Research Services for Marcus & Millichap. He is responsible for the production of the firm’s vast array of commercial real estate research publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm’s research is regularly quoted throughout the industry and in mainstream business media.
John oversees a team of dedicated real estate research professionals who produce the firm’s more than 1,000 annual market research publications and conference presentations. These detailed reports, analyses and presentations integrate economic and financial market trends with insights on all major commercial property types including: Hotels, Industrial, Manufactured Housing, Multifamily, Office, Medical Office, Retail Multi-Tenant, Retail Single-Tenant, Self-Storage and Seniors Housing.
John is a seasoned industry analyst who has been quoted in numerous publications and is an active member of the NMHC Research Foundation Advisory Committee, the ICSC North American Research Task Force and the NAIOP Research Foundation. He regularly presents at a wide range of conferences and events hosted by industry-leading organizations such as the NMHC, NAIOP, ULI, CCIM, ICSC, SSA and numerous others.
John joined Marcus & Millichap in April 1997 as a Research Manager in the Seattle office. After holding executive marketing and e-business positions with premier residential real estate firms in the Pacific Northwest, he rejoined Marcus & Millichap in November 2007 as the head of its Research Services division. John was elected as Vice President in 2010, advanced to First Vice President in 2013 and promoted to Senior Vice President in 2018.
Key Points From The Episode:
1. John Chang discusses the general outlook for real estate in 2024, highlighting it as a reset and staging year with ample opportunities for informed investors.
2. Insight into the importance of selecting the right general partners and leadership teams in investment firms to navigate future challenges successfully.
3. Analysis of various real estate asset classes, their current market status, and predictions for their future performance.
4. The impact of interest rates on real estate investments and strategies for adjusting investment approaches to match the evolving economic landscape.
Timestamps:
01:59 His real estate journey
03:25 2024 Outlook for the real estate market
05:08 How LP investors can invest wisely in 2024
07:18 How to find good operators
11:41 Which asset classes will shine in the next few years
18:14 Loan delinquency rates
24:04 Rate caps effect on loans
29:06 Construction costs affect the markets
34:44 Interest rates getting back to normal
39:40 What to protect ourselves from in 2024
42:41 The Best Ever Conference
44:39 Podcast recommendation
45:26 Contact John
46:14 Thanks for watching!
Resources Mentioned:
Contact the guest:
LinkedIn
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Pickleball studio
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