On this Walker Webcast, Willy Walker is joined by Dr. Peter Linneman. For over 40 years, Dr. Linneman's unique blend of scholarly rigor and practical business insight has earned him accolades from around the world. He has studied under multiple Nobel Prize winners, holds both a Master's and Doctorate in Economics after a distinguished academic career at both The University of Chicago and the Wharton School of Business at the University of Pennsylvania, and was a leading member of Wharton's faculty, serving as the Albert Sussman Professor of Real Estate, Finance, and Public Policy for 35 years. He has published over 100 scholarly articles, four editions of the acclaimed book, “Real Estate Finance and Investments: Risks and Opportunities,” and the widely-read Linneman Letter quarterly report.

Dr. Linneman’s long and ongoing business career is highlighted by his roles as Founding Principal of Linneman Associates, LLC, a leading real estate advisory firm; CEO of American Land Fund; and CEO of KL Realty. For more than 35 years he has advised leading corporations and has served on over 20 public and private boards, including serving as Chairman of Rockefeller Center Properties, where he led the successful restructuring and sale of Rockefeller Center in the mid-1990s.

This Walker Webcast is a highly anticipated episode as we open 2022 with Dr. Peter Linneman, who shares his thoughtful insights and projections that have been amazingly prescient. In this episode, we will deep dive into the reviews he shares in The Linneman Letter quarterly report, highlighting highly-discussed economic topics you should know in 2022.

Hear Dr. Linneman’s breakdown of his quarterly report in this segment of the Walker Webcast — The Best Hour in CRE with Dr. Peter Linneman, Founding Principal of Linneman Associates.

Key points covered in this episode:

[1:57] Willy welcomes Dr. Peter Linneman. What predictions did he hit and miss from 2020 to 2021? What predictions does he have moving forward?

[13:25] Dr. Linneman discusses how economic dynamism is missing in the marketplace.

[18:05] Willy and Dr. Linneman talk about how to get people back to work.

[19:58] Two enormous implications in real estate are mentioned: 2021 personal annual interest income and yield-starved consumers.

[23:45] Willy reads the Linneman letter on how banks are awash with liquidity and discusses the effects on cap rates and bond yields.

[31:29] In a rising interest rate environment with the banks fully overfunded, owning bank stocks is a good place to be.

[32:37] Brick retail is not dead; it is thriving. Tune in to hear the retail numbers for November compared to E-Commerce.

[36:46] The oil market and projections for the cost of crude over the next two to three years with this supply and demand imbalance coming into our economy.

[45:21] Willy talks about the housing market, affordability and how it affects home builders.

[50:24] What is Dr. Peter seeing in the office and retail market? Will 80% of people be back in the office by June, or is it wildly optimistic?

[55:22] Where is the smart money going right now?

[57:43] The current state of international travel and ideal places to visit according to Peter.

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