What are the trends in real estate investing?
December 14, 2016
Panelists share leading trends in the industry, including the reallocation from stocks and bonds to real estate as well as the evolution of foreign investment.
David Schwarz: There's been a real evolution in education of a lot of these foreign investors where four or five years ago when they started coming to this market, it was all about yield. They want core, they wanted the best assets and they said they wanted to buy it, New York or gateway cities at a six cap - was never going to happen. So [what] we're seeing now I think is a lot of institutional investors from internationally coming and looking for development. So a lot of these investors who say we’ll take development risk if we can be in the New York, San Francisco, DC, the big gateway cities, and actually take risk and look for more all-in return versus purely just yield as they may have been looking for a few years ago.