Eric Goldstein, CFA
17 Years at AB|17 Years of Experience
Eric Goldstein is a Senior Vice President and Research Analyst for Commercial Real Estate Credit Research on the Securitized Assets Research team. He joined his current team as a desk analyst in June 2015, concentrating on commercial mortgage-backed securities (CMBS) and liaising among Research, Trading and Portfolio Management. In 2013, Goldstein joined the Global Credit team as an associate portfolio manager, after having served in the same role since 2008 on the US Multi-Sector team. He joined AB in 2007 as a Fixed Income rotational program associate on the Securitized Products Research team, where he covered asset-backed securities and CMBS, in addition to serving as a portfolio assistant on the Insurance team. Goldstein holds a BS in finance and marketing from New York University and is a CFA charterholder. Location: New York
Published Work
A holistic approach may help insurance investors navigate an expansive opportunity set.
Banking turmoil is raising renewed concerns about commercial real estate, but a focus on high-quality credits could be investors’ best strategy for navigating risk.
The CMBX.6 has become such a popular short by speculators placing bets on mall closings that it has been profiled in the media as the next "big short". But the narrative of the dying regional mall conceals other realities. In fact, the American mall is evolving to meet modern consumer demands. And thanks to the specific property composition of the CMBX.6, the loan losses in its collateral pool will likely be modest. As a result, returns on the CMBX.6 are likely to be far higher than short sellers expect. In this paper, we present the powerful research that illuminates our view.