Description

On March 25, 2021, Willy Walker interviews Morgan Stanley's Head of U.S. CRE Research, Richard Hill and JPMorgan's Head of Consumer and Specialty Finance Research, Rick Shane to discuss commercial real estate, banking, and consumer finance coming out of the COVID pandemic. They discuss: 1. the comparison of the Great Financial Crisis and the economic turmoil caused by the Pandemic 2. the likelihood of student loan forgiveness and the potential impact on the lending and housing spaces; and 3. predictions pertaining to the performance of different asset classes, including multifamily, retail, and hospitality. Keep watching to find out Richard and Rick's biggest concern about the commercial real estate sector. ABOUT THE SPEAKERS: Rick Shane is Head of J.P. Morgan's Consumer & Specialty Finance team. With more than 18 years of experience as a Senior Analyst, Rick offers thought leadership across multiple verticals. He has consistently received top rankings by Institutional Investor, the WSJ, Starmine and Thompson Reuters and was cited by Bloomberg as one of the "World's Best Financial Services Analysts." He is a graduate of the Johns Hopkins University, Boston College Law School and the University of Chicago GSB. Richard Hill is a Managing Director covering the US commercial real estate market and leads Morgan Stanley’s US REIT Equity and Commercial Real Estate Debt research teams. Richard joined the Firm in 2013 and has been an II-ranked CMBS analyst for several years. He has covered the industry in various capacities for 18 years in both banking and research roles, including positions at Royal Bank of Scotland and Banc of America Securities. Prior to becoming a research analyst, Richard worked in the Structured Securities Group of Banc of America Securities, where he was responsible for the origination, structuring, and distribution of securitization backed by CRE debt. He started his career in that bank’s Interest Rate Derivatives group, where he structured hedging strategies for CRE developers. Richard is a graduate of Georgetown University, with a BSBA in Finance.