(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).
LAGUNA BEACH, CA-“There are plenty of opportunities that exist today.” So said Michael Lehman, global head of real estate at BGC/Newmark Knight Frank at Information Management Network’s Ninth Annual Winter Forum on Real Estate Opportunity and Private Fund Investing Conference on Wednesday morning.
“Stop waiting for the buying opportunities…get out there…go do it…get into it,” Lehman encouraged the nearly 1,000 senior real estate executives that were in attendance for event’s opening day. “Do the deals that seem good…they will be great.”
Lehman set the optimistic tone for the day, pointing out that “The returns that you can get on opportunitistic and core assets are through the roof.” According to Lehman, “the apartment and the lodging sectors have experienced rent growth, and cap rates have tightened across all property types,” a point that was also echoed in a recent analysis article on GlobeSt.com on the apartment market.
The three-day conference was held at the Montage Resort and Spa in Laguna Beach, CA. “There is a huge appetite for real estate and for real estate debt,” Lehman added. “There is so much demand and so much capital.”
In terms of money, Lehman said that there is money being raised across all sectors.
As for what investors want, Lehman pointed out that “Investors want sector or geographic specific fund managers with a proven track record; low-risk, core fund managers; value-add etc.”
Check back on GlobeSt.com tomorrow for more reporting from the IMN conference.
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