March 2016
Investors Looking to Real Estate Stock market uncertainty sends money to rental properties, second homes By Stacey Wittig, QCBN
M
oney managers are having trouble hanging on to money, at least that is what is being reported in Bloomberg Businessweek. They say top asset managers, hurt by slumping stock markets worldwide, recorded billions of dollars of
withdrawals in the fourth quarter. Business Insider reported that traders have not bet against stocks this aggressively since 2010. A Los Angeles Times headlines read, “Stocks take a dive, weighed down by another drop in oil prices.” But the money that is leaving the stock market has to go somewhere. Jack Martin of
Bakerson Real Estate Capital Management suggests that private equity real estate is one place it could go. “Looking at today’s stock market, it makes sense to consider diversifying into something the stock brokers don’t do,” said Martin, principal and co-founder of the group, which supports real estate investments through crowdfunding with accredited investors. “Investor uncertainty runs in every asset class,” said Martin. “But most investors don’t know that they have options. They don’t know
that they have the options of investing in good, quality [real estate] syndications.” Private equity real estate is an alternative to traditional asset classes of stocks, bonds and cash. Private equity real estate managers bring together investors to buy and develop real estate using proven strategies. Once the project is completed, each investor gets a share of the profit. Such investment groups or syndications are regulated by the U.S. Securities and Exchange Commission (SEC). While the Continued on page 35
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Women’s Air Race Classic Taking Off from Prescott By Ray Newton, QCBN
T Student pilots Hannah Rooney, Hannah Burright, Rachel Hurtzell and Shelby King are preparing for June’s intercontinental air race. Courtesy photo March 2016 | Issue 3, Volume 4
he 40th annual Air Race Class (ARC) for women pilots will see approximately 55 teams from throughout the country and the world take to the skies in the only race of its kind in the United States. Officially, the race begins with take-offs early on June 21 at the Prescott Municipal Airport. The finish line is Daytona Beach, Florida, on a pre-determined course that takes pilot teams out of Arizona forests and deserts across the Mid-America heartland to eastern Florida beaches.
Unofficially, preparation of planes and briefing of pilots for the 2,716-mile flight begins several days before, when the women pilots and support personnel begin arriving. “We’ll have scores of people from all over the country here in Prescott for several days,” said Michelle Day, event chair and Embry-Riddle Aeronautical University western region director of alumni relations. She noted that ERAU is hosting events at both the beginning and the end of the ARC. What’s more, ERAU-Prescott has two collegiate teams entering. Hannah Rooney (a
Inside: Hospitality Industry Encouraged by Tourism Study p.3
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Marketers Stress Importance of Social Media p. 6
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