Congratulations! If you are reading this, you made it through another year. And what a crazy year it was. If you saw it playing out like it did, you are one of the few.
Who knows what 2026 will hold. After this crazy 2025 I am even less apt to want to make predictions for what this next year will bring. That said, we are really optimistic about the coming year from a real estate perspective. Both in terms of improved property performance (we largely weathered the reverse immigration storm and are still standing, and the tariff whiplash seems to be subsiding), and for sure new investment opportunity.
The Opportunity Fund is now closed to new investment. There are still years of investment level results left before we can pass judgement on the success of the fund, but here today, two years from the initial launch, we are not at all upset with our current investment portfolio within the fund.
With this fund closing, what is next? We have some ideas, but nothing fully determined yet. To help us get there, we are going to be asking for your help. In the coming week or two we will be sending out a short survey about your individual investment plans and views on the world of investment real estate. We would very much appreciate you taking the time to share your thoughts, as we can only be successful as a company if we are providing a product that our investors, or future investors, want in their portfolios.
And despite myself and my forecasting reticence, maybe, just maybe, the January Altus Insight will discuss economic and investment possibilities for 2026…
For this month’s Altus Insight, with most of the Altus team taking some well-deserved down time, instead of providing our own unique perspective on the world of investing and real estate we are sharing a link to an article we read that made us think.
In past Insights (though not in recent vintage), we have touched on the concern of current spending at the future expense of younger generations. This article dives into the deep end of that pool and might offend some people in the process. But as investors these sorts of discussions need to be had. Investments are usually made at the micro (individual investment) level. And in real estate, strong operators then turn those investments into success. Broad/macro-economic patterns, and even more so, changes to a current entrenched pattern, can have far reaching impacts across a broad range of micro investments. The best operators can minimize the damage (in the case of a negative impact) and maximize the opportunity (in the case of a positive impact). Operators that are not as skilled…not so much.
And there are two sides to most coins. While the article we are sharing discusses the cost the older generations are putting on the younger generations, we are simultaneously entering one of the largest generational wealth transfers in history as heirs of the relatively wealthy baby boomers benefit from the largesse of renewed generous taxation policy on inheritance. One side of the coin will—by necessity—require changes to taxation and government spending. The other side of the coin will create millions of investors that may not have the same level of experience, and will certainly have different philosophies, as their parents or grandparents. Both sides of the coin will result in changes to investment profiles, returns (especially between asset classes), and most likely laws.
Enjoy.
Please click below to read the article:
https://americanmind.org/salvo/what-is-total-boomer-luxury-communism/
