El mercado inmobiliario comercial está enviando señales contradictorias, pero Mark Vitner, economista jefe de Piedmont Crescent Capital, supera el ruido con una cruda prueba de la realidad: los valores inmobiliarios siguen sobrevalorados y la corrección no ha terminado.
En nuestro último Podcast Peachtree Point of View En este episodio, Vitner comparte información crucial que todo inversor inmobiliario necesita escuchar. Si bien hemos evitado la profunda recesión que muchos predijeron, el mercado no se ha ajustado por completo al nuevo entorno de tipos de interés. Esto crea tanto riesgos como oportunidades para los inversores inteligentes.
El Tesoro a 10 años, que actualmente cotiza en torno al 4,5%, no es alto. De hecho, se encuentra en el extremo inferior de donde deberían estar los tipos durante la próxima década. Vitner sostiene que el valor razonable está más cerca del 4,7%, con el potencial de alcanzar el 5% o más. Este cambio marca el final de la era de tipos artificialmente bajos que infló el valor de los activos. Las propiedades ahora deben revalorizarse en consecuencia.
La desconexión ya es evidente sobre el terreno. En Peachtree Group, el director ejecutivo Greg Friedman observa una brecha del 10 al 15% entre lo que los vendedores creen que valen sus propiedades y su verdadero valor intrínseco, un efecto persistente de años de abundante liquidez que muchos aún esperan recuperar.
Pero aquí es donde surge la oportunidad. Vitner recomienda centrarse en las inversiones con altas barreras de entrada y un fuerte control de los inversores, especialmente en los mercados en los que los responsables políticos han empezado a fomentar el desarrollo. El punto óptimo, según Vitner, son los proyectos de uso mixto en ciudades medianas que están experimentando un renacimiento, donde la generación de teléfonos inteligentes quiere estar más cerca de la acción.
• Las tasas de interés son estructuralmente más altas: Es probable que el Tesoro a 10 años cotice entre el 4,5 y el 5,5% en períodos no recesivos, lo que restablecerá radicalmente las valoraciones inmobiliarias
• Existen oportunidades geográficas: Mercados como Charleston (Carolina del Sur) y los mercados emergentes de Alabama ofrecen crecimiento con barreras naturales de entrada, mientras que los mercados que antes estaban en auge, como Nashville, se han enfriado
• El uso mixto es el futuro: Los desarrollos orientados al estilo de vida que combinan viviendas, tiendas y entretenimiento están captando la demanda a medida que las personas buscan entornos accesibles para caminar y ricos en comodidades
• El muro de vencimientos de la deuda crea presión: Cantidades masivas de deuda inmobiliaria comercial se refinanciarán a tasas mucho más altas, lo que obligará a entablar conversaciones realistas sobre precios
• El gasto de los consumidores está cambiando: Se espera una consolidación del comercio minorista en el extremo inferior, a medida que el gasto de los consumidores se normalice del 71% a un 67-68% del PIB más sostenible.
La conversación completa revela por qué esta corrección del mercado no es un ciclo típico y qué tan preparados pueden los inversores sacar provecho de la futura revaluación. No se pierda el análisis completo de Vitner sobre la dinámica de los mercados regionales, los cambios demográficos y las estrategias tácticas de inversión.
Escuche el episodio completo de Peachtree Point of View en su plataforma de podcasts favorita para obtener el desglose estratégico completo que todo inversor inmobiliario comercial necesita para navegar por la realidad actual del mercado.
.png)
ATLANTA (Oct. 15, 2025) – Peachtree Group (“Peachtree”), a leading commercial real estate investment firm overseeing a diversified portfolio of more than $8 billion, today announced the appointment of Lindsay Monge as executive vice president of asset management. In this role, Monge will oversee the firm’s hospitality and real estate assets, driving performance, strategic planning and value creation across the portfolio.
Monge brings more than two decades of leadership experience in hospitality, real estate investment and operations to Peachtree. Most recently, he served as president of Seaview Investors where he led asset management and daily operations for a portfolio of eight Marriott and Hilton-branded upscale hotels in California. Before this, he spent nearly 16 years at Sunstone Hotel Investors, rising to senior vice president, chief administrative officer, secretary and treasurer, where he oversaw corporate functions and played a pivotal role in managing a $3.9 billion asset base.
“Lindsay’s extensive background leading hotel operations and real estate investment platforms makes him an invaluable addition to our leadership team,” said Greg Friedman, managing principal and CEO of Peachtree. “His experience across public REITs, private equity and owner-operator platforms uniquely positions him to enhance value creation for our investors while strengthening our asset management capabilities.”
His career also includes senior leadership roles at Magna Flow as chief operating officer and at Alpha Wave Investors as chief administrative officer and partner where he directed strategic planning, growth initiatives and asset repositioning strategies. Earlier in his career, Monge held management positions at The Westgate Hotel and began his hospitality career in Hilton’s executive management program at the Waldorf Astoria in New York.
Monge earned an MBA in strategy and leadership from the Drucker School of Management at Claremont Graduate University. He holds a bachelor’s degree in hotel administration from Cornell University’s Nolan School of Hotel Administration. He also completed executive education in the LEAD Business Program at Stanford Graduate School of Business.
.png)
ATLANTA (Oct. 13, 2025) – Peachtree Group (“Peachtree”) announced today the launch of a new equipment finance division, further broadening its credit platform and reinforcing its ability to provide flexible equipment lease financing across industries, including commercial real estate and hospitality.
The division will be led by seasoned executives Brian Shaughnessy and Roger Johnson, who together bring more than 60 years of experience in equipment finance, specialty finance and portfolio acquisitions. They will be joined by experienced industry executive Dennis Shields, further strengthening the team’s depth and expertise. Shields spent the last 15 years with Meridian Leasing, helping to grow its profitable leasing business.
“This launch is more than the start of a new business line. It continues relationships that span more than 15 years,” said Greg Friedman, Peachtree’s managing principal and CEO. “We have known and worked alongside Brian and Roger for well over a decade, watching them build reputations as trusted leaders in equipment finance. Their arrival marks both a reunion and a natural extension of our long-standing ties.”
This new platform represents a progression of Peachtree’s established private credit ecosystem. Many of the firm’s commercial real estate clients also require equipment financing, particularly in hospitality, where Furniture, Fixtures,and Equipment (FF&E) play a critical role in new developments. By building on the firm’s long-standing history and applying proven expertise from its principals’ experience financing essential use equipment, Peachtree is positioned to deliver tailored financing solutions that address client needs across multiple sectors and industries.
The launch highlights Peachtree’s ability to adapt its platform to fill gaps left by traditional lenders while keeping long-term client relationships at the center of its strategy.
.png)
“Large banks continue to pull back from serving small and mid-sized businesses, leaving a significant void in the market,” Friedman said. “Our new platform allows us to step in with creative financing solutions, whether that means helping medical facilities upgrade technology or supporting hotels with FF&E for new developments, so businesses can access the capital they need to grow.”
Shaughnessy, who joins as president and principal of the equipment finance division, is a senior executive with more than 35 years of experience in financial services and investment banking. He was most recently co-founder and CEO of IMT Commercial, an alternative portfolio and asset acquisition and management firm.
Johnson, who will serve as executive vice president and principal, is a 30-year portfolio acquisitions and commercial lending veteran. He has a proven track record of developing profitable relationships with C-suite decision-makers at a wide range of financial institutions. Both Shaughnessy and Johnson founded and grew IMT Commercial Credit into a top 120 equipment finance business.
The new unit will initially focus on financing lease transactions ranging from $500,000 to $10 million with terms generally between 24 and 84 months. By leveraging Peachtree’s established credit expertise, infrastructure and balance sheet strength, the division aims to deliver competitive financing options while ensuring timely funding and long-term client relationships.
“Equipment finance requires a deep understanding of the assets, from valuation to structuring and exit strategies,” said Shaughnessy. “Our team brings decades of specialized knowledge that allows us to evaluate risk effectively and deliver certainty of execution for clients.”
Johnson added,“Leasing involves extensive coordination with clients, vendors and lenders, and our goal is to make the process seamless. Clients can count on us not only to secure financing but also to manage the details that keep projects moving forward.”
“Equipment finance is a relationship-driven business where execution matters,” Shields, senior vice president, said. “Our goal is to combine decades of industry expertise with Peachtree’s deep credit platform to offer reliable, creative solutions to clients who are often underserved in today’s lending environment.”
.png)
Fortune | There’s no doubt that commercial real estate, and especially the office market, is undergoing a seismic transformation, one that’s not likely to abate any time soon. A boom time of near-zero-interest-rate policy, abundant liquidity, and cap rate compression over the past decade has given way to a perfect storm–a wall of maturing debt, tightened lending conditions, and cratering property values–all amid higher interest rates that show no sign of returning to their pre-2022 lows.
The outlook for the office sector has been particularly negative. It’s a tale of two markets right now: roughly 30% of office buildings account for 90% of the vacancies and may never recover, while the other 70% have the chance to stabilize over time. Either way, the office market finds itself at an inflection point, much like the retail market as mall acquisitions were being financed.