An inflation primer, a hiring spree in Vegas, flex office space could be a boom or bust, Better goes public, sussing out a retail REIT's prospects.
In Today's News
Inflation is Here. What Now?
Prices are rising fast, in ways that seem temporary, yet this could change expectations in ways that are self-reinforcing, New York Times economics writer Neil Irwin says [subscription required].
The Millionacres takeaway: Now's the time to get your head around what's happening with prices across the board, since it all affects investors as both consumers and, well, investors. This is an easy-to-understand primer on what's happening now and food for thought about whether inflation will rain on the much-anticipated post-pandemic party.
Casinos, Other Businesses, Fight for Workers in Tight Vegas Labor Market
Las Vegas resorts have called back thousands of workers furloughed or laid off during the pandemic, but more than a year later, many have moved on or moved away.
The Millionacres takeaway: The Las Vegas Sun shares here what's happening in that ultimate destination city, whose experience reflects what's going on pretty much everywhere businesses are dependent on rebuilding their workforce -- which is pretty much everywhere.
An Oversaturated Flex Space Market Could Easily Deflate
The flex office market already looks like it will see a comeback amid predictions that a niche that now takes up about 2% of office space could increase to as much as 30% over the next decade.
The Millionacres takeaway: This GlobeSt.com article also includes this caveat from an industry stakeholder to help curb your enthusiasm and proceed carefully: "Anyone who says they know exactly what will transpire is lying through their teeth. Every single company is different."
Today on Millionacres
What You Better Know About This Mortgage Lender Going Public
Online mortgage lender Better is joining the party: The innovative lending platform has announced plans to go public via SPAC merger, valuing the company at $7.7 billion.
The Millionacres takeaway: Our Matt Frankel looks under the hood of this deal, noting that it's easy for the numbers to look good when the housing market is in such a frenzy, but that there are some reasons to consider this new issue a buy.
Is Acadia Realty Trust a Buy?
Pandemic-hit 2020 was not a great one for Acadia Realty Trust (NYSE: AKR), which ended up suspending its dividend for a time. With vaccines helping to get the economy back into gear, however, the dividend is back, and investors might be interested in this unique retail-focused real estate investment trust (REIT).
The Millionacres takeaway: Our Reuben Gregg Brewer dives into the details of this retail REIT's portfolio, shedding light on its strategies and showing the way for investors to look at other REITs in the same business. They're not all alike, and neither are their prospects in a recovering economy.