Underwrite the debt. Then price the asset.
How to bridge unlevered income to a capital structure that can withstand downside.
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Original investment perspectives and sourced reporting on the financing, operating, and development conditions shaping property decisions.
October 2026 briefing
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Our perspectives explain the investment questions behind the headlines. Select a report below to read its Prestige briefing on this site, with the original publisher and date identified.
PRESTIGE PERSPECTIVE
The analysis behind the headline.
A hotel basis is an operating thesis.
Revenue quality, required capital, and the path from property story to investable cash flow.
Read the perspective ↗Assemblage value requires control.
Why the survey, title, utilities, and approvals matter before assigning a land premium.
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Recent market reports
30-year mortgage average reaches 7.28%
Freddie Mac’s weekly 30-year average rose from 7.03% to 7.28%; its 15-year average reached 6.60%.
Read the Prestige briefingNew-home sales rise 6.4% in August
New single-family home sales reached a 684,000 annual pace, while affordability remains a constraint.
Read the Prestige briefingPending home sales rise 0.3% in August
Contract signings edged higher from July but remained 4.7% below a year earlier.
Read the Prestige briefingBuilder confidence falls to 32 in September
The September survey remains available for context ahead of NAHB's next monthly release.
Read the Prestige briefingExisting-home sales fall 2.0% in August
NAR's August existing-home sales report remains available for context ahead of its September release.
Read the Prestige briefingNew index tracks commercial demand across 306 metros
NAR introduced a quarterly index of economic demand drivers for office, industrial, retail, and multifamily property across U.S. metropolitan areas.
Read the Prestige briefingU.S. hotel RevPAR rises 5.7% in Q2
CBRE reported that average daily rates rose 4.4% year over year in the second quarter as hotel demand growth outpaced supply growth.
Read the Prestige briefingThird-party reporting is summarized in Prestige briefings for market context. Prestige Estate Advisors did not produce the underlying reports. Release dates are shown on each report; older reports remain available as an archive.
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