Ryan Crowley on commercial real estate
From CRE Edge: Wealth generation through investments in CRE | Our CEO in conversation with Moneycontrol · · Property Share
“If you want access to blue chip multinational tenants grade A Plus buildings then you need 100 crores plus and therefore for that option no longer exists and people who bought one two crores worth of assets really burnt a lot of their money.”
On , Ryan Crowley, Executive Vice President & Chief Investment Officer at HEALTHCARE REALTY TRUST INC, spoke about commercial real estate 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.