Real Estate After COVID-19

Real Estate After COVID-19

Without a doubt the global pandemic brought on by the coronavirus has, and will continue to have, an impact on the world of real estate investing. As a result, we at CH have been asking the same questions of our real estate investment managers as many of our clients have been asking of us. How has the pandemic and resulting lockdowns and economic slowdowns impacted the world of real estate? What will rents and property values look like? What parts of the real estate market will be harmed the most and which might even prosper in the future?

The team of managers from our largest real estate fund, CI Global REIT, recently released some commentary surrounding the real estate market. If you are interested in reading the full commentary, you can do so by clicking here. From our perspective, there are four major takeaways from this commentary that we would like to share with you below:

  • The market for real assets including real estate is the largest in the world, dwarfing the bond market and being larger than stocks and bonds combined.
  • The world of real estate has gone through a number of major changes throughout history.
  • As an asset class, real estate has continued to produce the most consistent streams of cash flows over time.
  • Pension plans, private equity pools, endowments and other institutional investors remain invested in real assets, seeing them as a key component in their overall asset mix.

Getting into the specifics, our active management teams over the course of the last few years have pivoted out of certain sectors of the real estate market and into others. Hotels and strip malls, for example, are essentially at a near zero weighting since our managers see ongoing structural struggles for these sectors. On the other hand, buildings focused on servicing the technology space have been increasing in their portfolio. The same is true for warehouse space REITs (in fact their largest single holding is a warehouse company) based on the belief that online shopping will continue to grow. REITs that serve technology and internet-based companies have now grown to be almost a third of the entire real estate space and make up a growing part of their portfolio. Finally, residential REITs continue to grow in importance as more and more people in the world move into apartments and condominiums. These buildings need property management teams, equity providers and mortgages.

As a final point, the metrics used to judge the quality of specific REITs has not changed. The quality of the management teams, the levels of debt, the diversity of the real estate portfolio and strength of the specific properties within the portfolio remain paramount concerns.

Real estate will continue to be a core holding for us at CH Financial and our clients. We believe that people and companies will continue to need buildings to live and work in. The key is to build a well-diversified mix of real assets that will produce the cash flow our clients will need.

Warm regards,

Brian Trafford, Chief Investment Officer
& Your CH Financial Team


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We’re looking for aspirational clients who require the whole spectrum of financial services because managing the whole is how we’re able to deliver unbeatable value – it’s our “secret sauce.”If this describes you, let’s set up a meeting andget to know each other.

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I just want to say we have been with your team since 1993, and we have never had any bad advice. The investments you set up for us during this time has paid for university education for our two granddaughters and provided a significant monthly income for us to augment our pensions.

We are with you for the long run and are not going anywhere. Jeremy has told us that at these times the numbers tend to scare you, but you haven’t really lost anything if you don’t panic and sell.

Ken M, Calgary

With CH Financial since 1993

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When I became a client of CHF it was a real game-changer as I was going through a very difficult time both professionally and personally.

I went through a divorce and the loss of a job and a parent, all within a 12-month period. While it was very tough to deal with at the time, I was reassured by the fact that the team at CHF had my back and really cared about me and what I was going through.

Looking back now, I’m not sure how I would have managed without the support of the CHF family.

Jeremy and his team were there every step of the way to help me navigate my way through the complexities of a divorce and inheritance. They got me back on track both financially, as well as emotionally.

I have now been a client of CHF for over 10 years and thanks to their expertise, I know that my family will be well taken care of for many years to come. I am now in a position where I don’t need to worry about money thanks to a solid financial plan.

I would highly recommend the CHF team to others going through life-changing and difficult situations as your financial partner.

Linda, Victoria

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As an investment industry professional, I am constantly on the go and maximizing my peak career earning years in my 40s. With travel and work commitments I am very limited for time to spend with family and do the things I love to do and chose CH Financial to allow me more freedom and lifestyle balance.

Being in the investment industry my whole career and an extremely busy professional, I know I could probably do a good job at managing my money as I work in the industry after all while I rely on and trust the CH Financial team that they will take care of the details, both growing my assets as well as taking care of every aspect of my financial situation, including my tax, investments and insurance, they simply take away the stress of having to worry about it all and help me to navigate the complexities for me so it all meshes together and importantly saves me valuable time and headaches.

At the end of the day, the reality is I truly value my time and the opportunity cost of my time and would rather hire the best in the industry so ultimately my wife and I can do the things that we love to do, have more leisure time, relax and enjoy spending time in the great outdoors, exploring new countries, hiking in the mountains and volunteer work.

Since engaging CHF more than 5 years ago we have enjoyed significant growth in our investments but more importantly, we have peace of mind and sleep much better at night knowing the team at CHF has our financial back and anything financial they will take care of for us.

I would have absolutely no hesitation in recommending the team at CHF to other career-focused busy professionals who really value their time and lifestyle balance.

Kevin & Sharron, Calgary

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Prior to joining CH Financial as a client, I had been partially managing our investments and using a bank-owned broker for many years, with moderate success. When we became clients of CHF, I quickly realized how little I knew about the complexities of managing investments and the importance of seeking out the best specialists in the industry to assist with my family’s full financial picture.

Brian and the team at CHF encouraged us to take an introspective look at our assets and expenditures and even helped us implement a comprehensive budget. The team really stepped up to take care of all aspects of our financial picture, including portfolio design, CH Financial introduced us to a lawyer who took care of everything for us, estate planning and tax, while helping us simplify our financial affairs.

Being of the sandwich generation my wife and I spend considerable time caring for our surviving parents and our grandkids, so

freeing up valuable time is essential to allow us to do the things we love to do. The team at CHF takes care of the details and today my wife and I enjoy a comfortable, stress-free financial situation.

Over the years as a client of CHF, both our portfolio and wealth has grown exponentially, more than we could have ever imagined. Now that we are both happily retired, having the CHF team in our corner helps us to sleep better at night knowing that our somewhat complex financial puzzle is being looked after by a team of people that really care, as opposed to being treated like a number by a big bank.

I would have no hesitation in recommending the CHF team to others looking for a superior financial home in Calgary and a safe place to invest your hard-earned money.

Ian C, Calgary

Comfortably retired thanks to CH Financial