Recently, JPMorgan Chase (“JPMorgan”) negotiated a tentative settlement of a record $13.1 billion with the U.S. Justice Department over mortgage lending practices.1 While some news outlets have portrayed this as politicized government overreach or anti-Wall Street zealotry2, others have argued that the government could (or should) have forced JPMorgan to pay “significantly more than thirteen…
Author: Jonathan Koch
REITs v. Private Equity Real Estate
For institutional investors such as public pensions or insurance companies, real estate can play an important part of an investment portfolio. As an asset class, real estate has several qualities that make it an attractive alternative to more traditional investments like stocks or bonds. Real estate can generate attractive current income yields, and as a…