Ryan Crowley on inflation
From CRE Edge: Wealth generation through investments in CRE | Our CEO in conversation with Moneycontrol · · Property Share
“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 inflation linked product.”
On , Ryan Crowley, Executive Vice President & Chief Investment Officer at HEALTHCARE REALTY TRUST INC, spoke about inflation 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.