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 the Commercial Real Estate 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 and finance. He provides guidance on industry dynamics, valuation, operations and finance issues. Brian has been requested to share his thoughts on commercial real estate at hundreds of venues including the Federal Reserve System Board of Governors, 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 Atlanta Fed, Brian was employed by the private equity firm Tavistock Group to oversee real estate finance and acquisitions. He was responsible for valuation, directing due diligence and financial modeling operations, which included assessing and identifying the most financially feasible development scenarios. Some of the projects included a 7,000-acre development with over 12 million square feet of entitlements, a 200-acre development containing more than 4.5 million square feet of entitlements and a large development with over 9,000 residential lots and commercial parcels.
Before joining Tavistock, Brian was the Director of Real Estate Finance for Flagler Development Group, Florida’s largest commercial real estate developer. At Flagler, he was responsible for the Company’s valuation and financial analysis functions, as well as providing guidance on various financial issues related to development, leasing and valuation. Brian provided real estate and financial investment advice to the company’s senior management and investment committee.
Brian’s experience includes working for EY (Ernst & Young), where he was an executive. Brian managed multiple engagements for both private and public sector clients including United States Government, Coca Cola, 3M, Nomura, MetLife & General Electric. Prior to joining E&Y, Brian founded an industrial development company that specialized in the acquisition, development, and refurbishment of industrial and office properties. Brian started 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. He serves at the behest of his wife of 25 years Cherri, three children and one stubborn cat.
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.