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Experts: Plenty of Opportunity Ahead

Before launching his session "Asset Management" at the third annual RealShare Distressed Assets on Oct. 5, Andy Sundgaard commented on his morning. "It's…

By Amy Wolff Sorter - Southwest Editor for GlobeSt.com and Real Estate Forum. | Updated on December 09, 2011

Before launching his session “Asset Management” at the third annual RealShare Distressed Assets on Oct. 5, Andy Sundgaard commented on his morning. “It’s been a tough year,” said NorthMarq’s senior vice president of business development. “As I was coming up on the escalator this morning, on my way to the conference, I floated over to the coatings and paint conference.” The idea, he added jokingly, was to throw in the towel on real estate, and focus on paints and coatings instead.

Though Sundgaard’s remarks were made in jest, much of the conference (produced by ALM’s Real Estate Media Group, which publishes Real Estate Forum and GlobeSt.com), supported similar sentiments. The consistent message delivered to the 300-plus attendees at the conference, held at the Gaylord Texan Hotel & Convention Center in Grapevine, TX: Things are tough, they aren’t likely to improve any time soon and there is still a great deal of stress-and distress-in the system.

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