Net Lease Insiders 'Take What the Market Gives'

[IMGCAP(1)]NEW YORK CITY-”The numbers don’t lie,” according to many, so it only makes sense that a mix of net lease market data authorities discussing the state of the market were called upon to kick off Real Estate Media’s sixth annual RealShare Net Lease conference here. The conference was held Tuesday at the Marriott Marquis and attracted more than 250 attendees.

Moderator Jeffrey Rothbart, principal of Boulder Net Lease Funds, began the opening panel “the Numbers Behind the Trends,” by turning to panelist Farrokh Hormozi, senior economist at Pace University/Kish International University, for some background on what we are seeing in the market today. “We are in a state of flux,” Hormozi said. “whatever policy makers are calling it,” he said referring to whether or not we are in a recession, “the economy is suffering.”

[IMGCAP(2)]Hormozi pointed out that the American economy was heading towards a recession before the subprime crisis hit because of fundamental problems including: income gap; under employment; oil prices; and exchange rate among other things. “I believe that the American economy is strong, but we are in trouble.”