David Simon
Showing 1–2 of 2 transcripts.
- Milken Institute59 min
Real Estate Outlook: A More Attractive Asset?
Erik Schatzker, Neil Bluhm, Robert Morse, Eyal Ofer, David Simon, Sam Zell, Bob Morris
A panel of prominent real estate executives, including Sam Zell and David Simon, identifies the current market as a late-cycle environment characterized by unprecedented capital inflows, compressed yields, and a looming oversupply of new construction. While experts debate the severity of the impending correction, they agree on specific pressures driving valuation disconnects, such as the aggressive bidding for select assets contrasting with public REIT discounts and significant oversupply risks in the office and industrial sectors. Looking forward, the group forecasts that technological disruptions in autonomous vehicles and shifting workforce dynamics will fundamentally reshape demand, necessitating strategic pivots toward mixed-use developments and the acquisition of distressed private assets.
- Milken Institute1h 15m
Real Estate: Where Are Prospects Rising and Falling?
Maria Bartiromo, Barry Blattman, Victor Coleman, David Simon, Michael Weil
Industry leaders characterize the current real estate cycle as stable and leveraged-conservative, driven by a strategic pivot from short-term trading to long-term ownership as Asian and Middle Eastern capital flows increasingly favor equity stakes in U.S. trophy assets. While new supply creates localized oversupply risks in urban cores like New York and San Francisco, the market demonstrates resilience through disciplined underwriting and a distinct shift where technology giants and international investors prioritize physical space as a critical talent acquisition tool rather than operational overhead. Looking ahead, participants warn that future value creation will rely on operational efficiency and asset management to navigate political uncertainties and a transition away from interest-rate arbitrage, even as emerging markets like Brazil offer deep value opportunities for diversification.