Ryan Crowley on REITs
From CRE Edge: Wealth generation through investments in CRE | Our CEO in conversation with Moneycontrol · · Property Share
“Before REITs there were really no avenues for foreign investors which is pretty sad I mean all around the world REITs give you access to rent yielding real estate but in India we didn't have that and in my previous job of course I did a lot of lobbying and we got the REIT regulations in place because we had created a portfolio which was so big which could only be exited through a REIT.”
On , Ryan Crowley, Executive Vice President & Chief Investment Officer at HEALTHCARE REALTY TRUST INC, spoke about REITs during CRE Edge: Wealth generation through investments in CRE | Our CEO in conversation with Moneycontrol on Property Share.
About Ryan Crowley
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.