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Feature Story: U.S. economy: shaking off the shocks

Despite some ‘strange days indeed,’ economist Sam Chandan sahred a mostly upbeat assessment during Revista’s 2022 medical real estate conference

By John B. Mugford

Speaking at the Revista Medical Real Estate Investment Forum in the San Diego area March 2-4, economist Sam Chandan said the U.S. economy is in relatively good shape despite the two shocks of COVID-19 and war in the Ukraine. (HREI photo)

In John Lennon’s renowned song “Nobody Told Me,” the legendary singer and musician sang the famous line, “Strange days indeed … strange days indeed.”

In introducing a well-known economist during a recent healthcare real estate (HRE) conference in Coronado, Calif., near San Diego recently, Jonathan L. “John” Winer, senior managing director and chief investment officer at White Plains, N.Y.-based Seavest Healthcare Properties, invoked the song’s lyrics to sum up recent world and domestic events.

“John Lennon once sang, ‘Strange days indeed,’ and I think that line certainly encapsulates what we’ve been living through in the last couple of years,” he said.

Mr. Winer, a member of the advisory board of Arnold, Md.-based Revista, an HRE research firm that provides a variety of data for its subscribers, used the line as part of his introduction of economist Sam Chandan, chair of the Stern Center for Real Estate at New York University (NYU), founder of Chandan Economics and someone who is involved in a host of other organizations.

Mr. Chandan’s presentation was part of a series of presentations and panel sessions during Revista Medical Real Estate Investment Forum 2022, which was held at the Loews Coronado Bay Resort on San Diego Bay from March 2-4. His presentation was titled, “Outlook for the U.S. Economy & Real Estate Markets.”

Despite what have indeed been “strange days” in the last couple of years, the U.S. economy, as Mr. Chandan indicated during his presentation, is doing quite well, despite the numerous headwinds that include, among others, inflation, planned increases to borrowing rates, supply chain issues, labor shortages.

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