Lisa Knee Moderates Session on Secondary and Tertiary Markets
August 06, 2015
By Morgan Piscitelli
IMN held its 16th annual U.S. Real Estate Opportunity & Private Fund Investing Forum in New York City on June 15. EisnerAmper tax partner Lisa Knee moderated a discussion between Clarion Partners director and head of investment research Tim Wang, Treesdale Real Estate Partners managing partner Oliver Swan, True North Management Group CFO Desmond McGowan, EVOLVE President Chris Fraley, and Yardi Systems VP of Matrix Products Jeffrey Adler. The panel focused on insights regarding secondary and tertiary markets.
Knee was curious to find out where the investors thought the next hot markets would be. Throughout the session, she asked them questions about the types of asset classes they are targeting, what kind of competition they are experiencing, if they were running into more real estate funds in the secondary and tertiary markets, what type of capital is available in these markets, and why certain regions attract investor interest and others don’t.
This informative panel revealed that most real estate investors love secondary and tertiary markets due to their positive effect on the real estate industry over the last few years. They credit employment growth and the improved economy for commercial real estate’s increased transaction volume and leasing activity in most major cities.
Find out about the panelists’ responses in our article “Forget the Sexy Six: Why These Investors Love Secondary and Tertiary Markets.”