2024 Year in Review: Briggs Elwell, RLTYco

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?

I would say the most unique trend and shift that continues to be a hot debate topic, is return to office. In major city markets such as New York we are almost back to pre-pandemic office occupancy numbers. This data does not take into account hybrid scenarios, but the fact is the majority of work-from-home in New York have come back to the city to work in offices at least multiple days a week. I believe we will continue to see this trend as companies work to return to more traditional in-person environments. 

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?

In 2024, RLTY secured its largest investment to date with a Series A round. We’ve grown the business very methodically since inception, we are pleased to announce this milestone that will permit us to scale the business nationally. RLTYco prides itself on assisting 1099’s in real estate with all of their financial, service and benefits needs. 

What emerging trends will drive investment and development in 2025? 

Private credit is expanding at a significant pace and will be a key tool for current developers to grow and for new developers to get into the business. Historically development was funded by banks. The growing private credit sector in development really opens a lot of doors for unique projects and new developers to get into the space.