Kern Investment Research
Kern Investment Research, a Washington, DC area based consultancy engaged in services to the real estate industry, including multifamily, distribution, retail and office. The firm has expertise in real estate strategic research and development, and investment banking. The firm works across all markets in the United States and offers coverage of public and private companies, market trends, forecasts and metropolitan areas.
Leading Experts at Kern Investment Research(?)
Total Experts: 1
Managing Director
Jack Kern is a Managing Director at Kern Investment Research, a Washington DC area based consultancy that specializes in covering multifamily REITs, markets and the real estate economy. Mr. Kern has over 25 years of industry experience, most recently as the Director of Research at Archstone-Smith Trust...
GLG NewsSMAnalyses by Leading Experts at Kern Investment Research(?)
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Top 5 Recent News
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Multifamily Becomes Multiple Choice in the North Hollywood, LA Submarket
October 1, 2009
Jack Kern, Managing Director, Kern Investment Research
Apartment Know-How in NoHo? | online.wsj.com
The Wall Street Journal report, by Maura Webber Sadovi, published on September 30, 2009 highlights what has become an increasingly common occurrence, the decline in property values over the past several years. The example used, a 438 unit deal in North Hollywood was almost sold for more than $140 million. Most recently, the same deal was sold for $96 million, a precipitous decline in value to say...
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Brookfield's $4.9 billion Investment Unlikely to Perform
August 14, 2009
Jack Kern, Managing Director, Kern Investment Research
Brookfield's $4.9-billion bet on the bottom | www.theglobeandmail.com
Brookfield Properties is making a major bet on the status of the U.S. housing market and rushing headlong into buying what they characterize as distressed assets in a number of major American and worldwide markets. It's interesting that they've raised about $5 billion to invest, and this may signal the willingness on the part of investors to take chances. In this instance, I think Brookfield didn't...
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Landmark Mall Not A Landmark Opportunity
July 10, 2009
Jack Kern, Managing Director, Kern Investment Research
As Owner Struggles, Landmark Mall Languishes | www.washingtonpost.com
Landmark Mall in suburban Virginia has been in decline for almost 20 years, as cash strapped GGP milked the center for any operating income they could get. In what was supposed to be a grand vision of future retailing and commercial space, GGP simply waited too long to redevelop the center and now sits on a white elephant, replete with local uses and property tax blight. The site isn't as valuable...
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REITs Slow Dance for the Street
June 30, 2009
Jack Kern, Managing Director, Kern Investment Research
Multifamily REITs see Underweighting by BOA-Merrill | www.globest.com
The apartment industry is subject to a great deal of coverage, and some of it, justified or not is decidedly negative. As an industry that is subject to great challenges, it also meets property management issues with concessions and no increases at renewal. In many places, the levels of site traffic are down, but submarkets prevail in this business and the downgrading of REIT stocks in multifamily...
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Restoring CMBS Key to Future CRE
June 26, 2009
Jack Kern, Managing Director, Kern Investment Research
Worries over systemic risk in CMBS | www.ft.com
The Federal Reserve Bank of New York, through president Richard Dudley has made restoring CMBS a key priority. This is really good policy while it seems to contradict some of the earlier actions of the Fed, especially in light of the decisions about the eligibility of certain loan terms for loan participation. The ability of owners to refinance their obligations is what is really at stake here and...
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GLG Study Groups Relevent to Leading Experts at Kern Investment Research(?)
| Study Group Name | No. Members |
|---|---|
| Self Storage Experts | 115 |
| CoStar or LoopNet Users | 114 |
| Self-Storage Real Estate Experts | 64 |
| Housing Market Researchers (US) | 54 |
GLG Live Meetings Hosted by Leading Experts at Kern Investment Research
Total Events: 5
Recent Seminars
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February 11, 2009 | New York
GLG Seminar: (NYC) 2009 Outlook for Multi-Family Sector -
May 20, 2008 | San Francisco
GLG Seminar: Multifamily Market Outlook -
March 27, 2008 | New York
GLGi: Multifamily Market Outlook -
March 26, 2008 | Boston
GLGi: Multifamily Market Outlook
Webcasts
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GLG Webcast: 2009 Outlook for Multi-Family Sector - February 11, 2009 at 3:30PM EST/ 12:30PM PST
February 11, 2009
View all GLG Live Meetings hosted by Leading Experts at Kern Investment Research