Light at the End of the Tunnel??
The economy and commercial real estate sector have encountered severe stress due to circumstances associated with the pandemic. Now that uncertainty regarding the health solution is being reduced and the economy is reopening, are we about to see the light at the end of the tunnel for CRE?
- The economic recovery appears to be picking up steam, how much further do we have to go before reaching pre-pandemic levels?
- The Retail and Hospitality Sectors have been greatly challenged by the pandemic. Now, Office appears to be joining that list. What are the dynamics impacting CRE? Are they permanent?
- The anticipated wave of distress has not materialized to date. Why? When is it going to happen?
- 10YR Treasury yields have risen recently. What is driving that dynamic? Will it impact CRE Cap Rates?
Light at the End of the Tunnel??
- Light at the End of the Tunne?? PresentationFederal Reserve Bank of Atlanta Presentation.pdf3 MB
Brian D. Bailey, CCIM, CRE
- Subject Matter Expert, Commercial Real Estate @
- Federal Reserve Bank of Atlanta
Brian Bailey is a Subject Matter Expert in the Supervision, Regulation, & Credit Division of the Federal Reserve Bank of Atlanta. He is responsible for providing thought leadership and monitoring emerging trends in commercial real estate. He provides guidance on CRE industry dynamics, valuation, operation and finance issues. Brian has been actively involved as a lead Wholesale reviewer in the annual stress test and capital review (CCAR & HCR) conducted on the nation’s largest financial institutions. Brian has been requested to share his thoughts on commercial real estate at hundreds of venues including the Federal Reserve System, multiple U.S. Federal Agencies, many universities such as the Wharton School, industry conferences, and syndicated radio.
Brian has extensive experience, spanning both the public and private sectors, with commercial real estate valuation, transaction, development, and financial issues. Prior to joining the Federal Reserve Bank of Atlanta, Brian spent 15 years in various real estate industry positions. He was employed by the private equity firm Tavistock Group to oversee real estate finance and acquisitions. Before joining Tavistock, Brian was the Director of Real Estate Finance for Flagler Development Group, Florida’s largest commercial real estate developer. Brian’s experience includes working for EY (Ernst & Young), where he was an executive. Prior to joining E&Y, Brian founded and operated an industrial development company that specialized in the acquisition, development, and refurbishment of industrial properties. Prior to that, Brian got his start in commercial real estate as a local market appraiser.
After receiving a Bachelor of Arts in Business Administration from Mercer University, Brian earned an MBA degree with concentrations in Real Estate and Finance from the University of Florida. He also attained the CCIM & CRE designations.
Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta is one of 12 regional Reserve Banks that, along with the Board of Governors, make up the Federal Reserve System. The Atlanta Fed covers the Sixth Federal Reserve District, which includes Alabama, Florida, and Georgia, and parts of Louisiana, Mississippi, and Tennessee. As part of the Federal Reserve System, the Atlanta Fed helps conduct monetary policy, promote the stability of the financial system, regulate and supervise financial institutions, foster payment and settlement system safety and efficiency, and promote consumer protection and community development.