CRE Edge: Wealth generation through investments in CRE | Our CEO in conversation with Moneycontrol
India's Commercial Real Estate (CRE) sector has played a vital role in India's growth story, leading to significant development inΒ ...
Executive Vice President & Chief Investment Officer, Healthcare Realty
Search every verified Ryan Crowley interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Ryan Crowley, Executive Vice President and Chief Investment Officer at Healthcare Realty, appeared on the Moneycontrol show "CRE Edge" on September 17, 2024. During the conversation, he stated that the world has already entered a recession, noting that the definition of recession has been satisfied in most of the Western world. He expressed concern about layoffs at major financial institutions like Morgan Stanley and Goldman Sachs in India, saying that if those institutions slow down, demand for commercial real estate in the country would certainly slow down. Crowley described commercial real estate as a hybrid instrument between debt and equity, stating that investors can achieve 8-9% rental yields plus 5-10% annual capital appreciation, resulting in 13-18% unleveraged IRRs. He noted that every lease in India is indexed to inflation. He discussed his previous lobbying work to get REIT regulations in place in India, and praised SEBI as a regulator, saying they have been conservative and introduced the right regulations at the right time. He also mentioned that his company uses an artificial intelligence tool that learns from millions of data points to predict investment outcomes in specific locations.
“I think that the world has already entered recession if you ask me if you look at the definition of recession that's already been satisfied in most of the western world whether it's the UK the US or Europe you know and India of course is always lagging behind a little bit in terms of supply and demand catching up but I...”
“Morgan Stanley has been firing Goldman Sachs has been firing people in India not just in the west and that's something that's a bit concerning for me I feel that that's something because those were the key institutions who were driving demand for commercial real estate in India and if that slows down then demand for re...”
“Commercial real estate is a hybrid instrument between a debt instrument and an equity instrument so you get 8-9% rental yields which you know because the tenant is in place you know how much rent he's paying and on top of that there is this capital appreciation so you could also get growth on your underlying real estat...”
“Every lease in India is indexed to inflation if inflation is 5% then what you're earning from your instrument gives you the same basket of goods that you would have got a year before so if at 8 rupees you got like 8 cages of rice and rice goes up by 5% then you still get 8 cages of rice next year because it's an inflat...”
India's Commercial Real Estate (CRE) sector has played a vital role in India's growth story, leading to significant development inΒ ...
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