Chairman of Tor Equities Joe Sitt speaks on Bloomberg Markets about inflation and electric vehicles.

New York, NY, April 9, 2024 (GLOBE NEWSWIRE) - Joe Sitt, chairman of the world's leading company for thereal estateThor Equities Group, appeared on Bloomberg Markets on April 9 to discuss Electreon, a leading provider of wireless charging solutions for electric vehicles, as well as inflation, luxury retail and opportunities in the emerging real estate market.

On Bloomberg Markets.

Joe Sitt was asked about competition among luxury retailers for facilities, which he believes “these facilities tend to move cyclically with their securities and businesses.”

Businesses liquidate assets when securities don't produce preferably, and when they do produce well, “businesses become buyers under the pressure of fear that the next wave of demand will cause private equity firms [like Thor] to take advantage and inflate rents for better properties.”

Inflation andreal estate

As for inflation, Mr. Sitt believes many leaders across industries are aware of the “long-term potential for macro effects” and are “trying to anticipate that and take advantage of inexpensive prices.”

In a divided market, long-term inflation will ultimately “favor assets such as real estate.”

Impact of world conflicts

Looking at the effects of conflict abroad, he considers that theU.S.contributes to the global conflict with the decision to deploy 2,000 Green Berets on the Taiwanese islands.

This decision sends a message that the conflict is not over, and with it is associated risky behavior in inflation and, again, effects on assets such as real estate.

Electreon is a leading provider of wireless charging solutions for electric vehicles

Sam time of this resource.

Electreon has accomplished so much in a short time and is poised for success as the global shift to electric mobility takes over.

About Thor Equities Group

Thor Equities is a leader in the development, leasing and management of industrial, laboratory, residential, office, hospitality and mixed-use assets in premium locations around the world.

The company operates in major cities around the world and has a $20 billion real estate portfolio with over 50 million square feet of development potential.

For more information, visit www.thorequities.com.