Philanthropy through Real Estate

What if your real estate philanthropy is being undermined by a hidden market inefficiency? A new NBER paper reveals that long-term bond yields are driven more by expectations than risk premia — and that expectations across maturities are systematically inconsistent. This has direct implications for how we value donated real estate, structure CRUTs, and time charitable transfers. Misaligned expectations can distort valuations, reduce tax efficiency, and weaken long-term giving strategy. For donors and advisors, this means: don’t assume consistency in the future — model the inconsistency. The full paper: https://www.nber.org/papers/w35766#fromrss. Source: https://www.nber.org/papers/w35766#fromrss View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request.