by G. Brian Davis | Last updated Apr 9, 2026 | Spark Blog |
The Short Version: 110,000+ single-family rentals under construction (53.5% spike) — led by Texas (21.8K units), Arizona and Florida (~14K each) Build-to-rent is NOT Wall Street buying existing homes — it’s new construction designed for institutional rental...
by G. Brian Davis | Last updated Apr 6, 2026 | Spark Blog |
The Short Version: Real estate spreads vs. corporate credit are back to 20-year historical norms after 20-25% repricing from 2021 peak 2021 pricing was the anomaly (free money, 3% rates, ZIRP), not 2026 pricing — current valuations are normal Institutional investors...
by G. Brian Davis | Last updated Apr 3, 2026 | Spark Blog |
The Short Version: Mortgage rates hit 6.37% (highest in 6 months) but waiting for rates to drop has cost investors 3+ years of cash flow, appreciation, and tax benefits since 2022 Rate timing is the wrong variable. Entry pricing matters more; properties repriced...
by G. Brian Davis | Last updated Apr 1, 2026 | Spark Blog |
The Short Version: Real estate spreads vs. corporate credit are back to 20-year historical norms after 20-25% repricing from 2021 peak 2021 pricing was the anomaly (free money, 3% rates, ZIRP), not 2026 pricing meaning current valuations are normal Institutional...
by G. Brian Davis | Last updated Mar 30, 2026 | Spark Blog |
The Short Version: Oil at $120/barrel is pushing inflation back up and keeping the Fed locked at 3.50-3.75%… rate cuts are off the table for now S&P dropped 4.55% in a week while mortgage rates climbed to 6.53%… volatility is spiking across the board...
by G. Brian Davis | Last updated Mar 27, 2026 | Spark Blog |
The Short Version: Something big is happening in institutional finance right now. Capital is rotating out of private credit and into real estate. JLL’s CEO described it firsthand. Why the exodus? Private credit yields have compressed. Default concerns are...