DC Is Primed for a Strong 2007

WASHINGTON, DC-The DC metro area has long been a favored destination for institutional investors and private equity seeking to invest in safe class A markets. After Tuesday’s sharp stock market drop, participants at the RealShare Washington event, held at the Renaissance Mayflower Hotel on Wednesday, largely agreed the city is poised to attract even more investment as capital flocks to quality assets and markets as the perception of an increasingly risky equity market takes hold.

More than 600 industry professionals–a record for the DC event– gathered to hear the outlook. The RealShare Conference series is presented by Real Estate Media, publishers of GlobeSt.com, Real Estate Forum, and a range of regional magazines and newsletters.

“Cap rates and interest rates will remain stable here for the next two years,” predicted Jim Lee, president and COO of Opus East.