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Liquidity Can Act on Plentiful Deals

AUSTIN, TX-Henry Cisneros, former director of HUD under Clinton examines the multifamily market, along with other industry experts.

By Ryan Clark | Updated on June 04, 2010

AUSTIN, TX-Henry Cisneros, the keynote speaker at this spring’s NAREE conference, addressed the crowd in straightforward terms regarding the ups and downs of the tumultuous housing and multifamily market. Cisneros explained that previous advice to investors had been to keep their powder dry, but now liquidity “can act on plentiful” deals.

Cisneros noted that his recent trip to China has changed a lot of his perspective on foreign investment. Notably the Chinese are leery to invest in the timeline of the US recovery. Values are dropping below replacement cost on numerous properties, so the idea would be to buy, fix and hold for five to seven years and let the economy rejuvenate the property’s value. China, however, wants a shorter timeline and has been reluctant to enter into the fray.

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