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Memos from Howard Marks: The Impact of DebtOpportunities where we live, work and play
Investing in assets that underpin the global economy.
Taking portfolios beyond public markets
Investing for a more sustainable world
Investing with a pioneer in alternative credit
Dynamic, value-based opportunities
Customizing real asset strategies for investors
Factors that can impact the time taken to complete a ground-up development that requires significant construction. Development risks include physical and market conditions which can lead to higher input and financing costs, construction delays, contractor disputes and permitting issues, or entitlement risk (difficulty getting the required municipal approvals for plans).
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