Real estate investment guru Marcel Arsenault sees recession looming, urges ‘safety first’
Real Capital Solutions founder sought 'guaranteed, long-term income' in $188M Medtronic deal
LOUISVILLE — Marcel Arsenault was looking for something in particular when he bought the newly built Medtronic Inc. campus in Lafayette in August for $188 million: guaranteed, long-term rental income from a reliable tenant.
That’s because Arsenault, the Boulder County investment guru who runs Louisville’s Real Capital Solutions, sees a recession on the horizon and believes that the commercial real estate market is in for a prolonged slide. The only deals worth doing at the moment, he said, are guaranteed ones.
“Right now, we think that commercial real estate is a very dangerous proposition … because there’s a lot of overbuilding,…
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