Premier Global Equity is a national real estate private equity firm that operates internationally, focusing on identifying quality real estate development projects in the United States of America.

Premier Global Equity

Platinum Premier Global Equity | 129 followers on LinkedIn. We are a national real estate private equity firm that has international presence. | We are a national real estate private equity firm that has international presence. We operate around the globe with investments and people in North America, Europe, Asia and Latin America. We seek to generate attractive risk-adjusted returns for our investors across cycles and over the long term.

Co-Founder and CEO

Zameer Upadhya

Chief Financial Officer at Platinum Premier Global Equity

Chris Chambers

Platinum Premier Global Equity

"Brand-new buildings have been among the few bastions of resilience in a struggling national office market. But the pipeline for that space — seemingly the only kind of space tenants are after — is drying up, with new construction poised to drop to unprecedented lows. The lack of new office construction on the horizon sets the stage for a potential inflection point next year when deliveries fall off a cliff even as tenants continue clamoring for top-tier space. And whether they will respond by sticking around in desirable spots longer or by gravitating toward lesser-quality offices, the decision-making process will likely have a cascading impact on the country’s entire office market." https://lnkd.in/gChcWVq3

"Distress rates in the CMBS market continued to climb in June, with the number of troubled multifamily loans nearly tripling since the start of the year. Roughly 7.4% of multifamily CMBS loans were delinquent or in special servicing at the end of last month, according to a report from securitized debt tracking firm CRED iQ, up from about 3% at the start of the year. Apartment building owners have been squeezed by growing operating and insurance costs, just as rent growth stalls across the U.S. and a wave of new inventory brings prices down in markets where rents shot up during the pandemic." https://lnkd.in/dzTeztAv

"Tropical Storm Beryl pummeled the Houston area Monday, cutting off power to millions — the second major storm to hit the city after a freak derecho caused billions in damages in mid-May and the commercial real estate industry had started to recover. Numerous roads flooded and were closed, transformers were blown out, trees and utility poles lay toppled, and swaths of Downtown Houston and other areas were under water, signaling a lengthy and expensive cleanup near the beginning of a hurricane season that will last through November." https://lnkd.in/gaH2ZwmV

"When a 145K SF suburban Maryland office building sold for just $5.7M at an auction this spring, it brought a resolution to a three-year-long spiral that began when its sole tenant, the Montgomery County government, terminated its lease in 2021. The CMBS loan tied to 255 Rockville Pike in Rockville, Maryland, once valued at $56M, still had a $33.6M unpaid balance. The years it spent in special servicing and the pennies it ultimately sold for meant the investors in the loan suffered $33.7M in realized losses, according to a report by Trepp. It's one of a growing number of examples of CMBS loans that are resolving for increasingly greater losses, sometimes larger than the total balance of the debt." https://lnkd.in/gYuMN2Ra

"In the least certain market in more than 15 years, understanding the value of a property has taken on a recharged importance and a new layer of difficulty. With an estimated $1.2T in commercial mortgages set to mature by the end of 2025 and an existential reset occurring in the office market, commercial property owners are going to the bank in droves, searching for refinancing options to keep their properties afloat. With this tidal wave of maturing and distressed loans, appraisers will play a key role in setting the values from which the market will begin the next stage in the real estate cycle. Appraisals are also used in lease negotiations, legal disputes, assessing property damage like that caused by inclement weather, and estimating value in a forced sale or auction proceeding. They can also be used by owners to determine the feasibility of a renovation or conversion. Each of these business cases has become more common and crucial in the last five years. The increased need for appraisals is already evident." https://lnkd.in/gZZywV9M

"The Federal Open Market Committee held interest rates steady this past Wednesday, marking the seventh consecutive meeting where it kept the central bank’s discount rate between 5.25% and 5.5%. The Federal Reserve signaled just one rate cut is coming before the end of the year, a significant departure from the three cuts it anticipated in March. Seven FOMC members said they think one interest rate cut this year is appropriate, with four saying they anticipate no cuts, according to materials released Wednesday, following the body's two-day meeting. Eight other members said two cuts would be the proper course of action. Fed Chair Jerome Powell said during a post-announcement press conference that it will take time for the central bank to get the confidence it needs to loosen fiscal policy. Overall economic data will guide decision-making, he said." https://lnkd.in/gnV5kb_8

Check out our new housing project in the greater Houston area. Next to Masjid As-Sabireen, 10 minutes to Hillcroft & Sugar Land, 20 minutes to the galleria, 25 minutes to the Texas Medical Center and 35 minutes to downtown. Great location with highway 59, beltway 8, highway 90 and 99 all within a few minutes. Message us if interested! https://lnkd.in/gYgBcpH8

"A new Deloitte report indicating states with the greatest risk of severe weather could see insurance costs double by 2030 is the latest hit for commercial property owners still reeling from the last round of cost increases. Climate change and inflation have been a double whammy for property insurance costs, and no relief is in sight. Searching for solutions, property owners are turning to alternatives like risk-pooling or insurers of last resort. These strategies can allow owners to keep doing business in popular states like California, Florida and Texas, but come with uncertain costs and degrees of effectiveness. California is ranked highest based on its expected annual loss score, followed by Florida, then Texas, according to a Deloitte Center for Financial Services analysis of Federal Emergency Management Agency data. States with the greatest extreme weather risk could see an average monthly insurance cost increase of $3,077 per building today to $6,062 per building in 2030, a 10.2% compounded annual growth rate." https://lnkd.in/g4WknWnV

"The amount of past due commercial real estate loans in banks' portfolios has skyrocketed even as the banking industry has seen profits grow, new federal data shows. Past due nonresidential commercial real estate loans last quarter increased by $1.8B, or 9%, from the prior quarter, according to a quarterly report from the Federal Deposit Insurance Corp. The largest banks, those with assets greater than $250M, saw a past due and nonaccrual rate of 4.48%, well above the pre-pandemic rate of 0.59%. For banks with assets between $10B and $250B, that rate was 1.47%, up from 1.35% in the first quarter and 0.66% pre-pandemic. This increase is contributing to the amount of ‘problem banks’ that either have low capital reserves, a high number of nonperforming loans, weak management, consistent losses or liquidity problems, according to CoStar. The number of banks on the FDIC's problem list jumped from 52 in the fourth quarter of 2023 to 63 in Q1. These banks held a total of $82.1B in assets in Q1." https://lnkd.in/guhF3zR9

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