Diversification Still Key, Even in a Recession

NEW YORK CITY-Diversification in real estate investment, whether it be by region or property type, is vital for success, said speakers on a real estate panel here during the US-Israel Executive Summit, put on by Israeli business publication TheMarker. “Diversification is meaningful and indispensable as we live in a world that has reduced barriers and prejudices among people,” said Lorenz Reibling, chairman and senior partner of Boston-based Taurus Investment Holdings.

And even though “we basically had an equal opportunity bubble burst” across the globe, said Stuart Koenig, global chief administrative officer of locally based Area Property Partners, diversification “will remain paramount in any investment strategy.”

But if you’re not diverse, multifamily is probably the best sector to place your bets. Adrienne Albert, chief executive officer of Atlanta-based brokerage firm the Marketing Directors, says she is seeing condo transactions increase in Atlanta, Boston, New York City and Washington DC.