JPMorgan Global Real Estate Head on Hot Markets

Chad Tredway, Global Head of Real Estate at JPMorgan Asset Management, says the firm remains bullish on commercial real estate even after the Fed’s latest rate hike and the prospect of more tightening. He notes that higher rates raise the cost of capital and can pressure transaction volumes in the near term, but argues the broader economy remains supportive, citing expected GDP growth of 2.3%, unemployment just above 4%, and strong consumer spending in Chase data. He speaks with Romaine Bostick & Jess Menton on "The Close." (Source: Bloomberg)