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NEW YORK CITY-This morning, various experts shared their thoughts on why second-tier cities are hidden hotspots, offering institutional and private investors sure (well, almost sure) returns.
Certainly, they offer some respite from the investors swarming to the obvious, primary markets, such as San Francisco or Los Angeles. As Todd Liker, managing director at Oak Tree Capital Management, said in the recent Transwestern/Real Estate Forum Capital Markets Symposium, “It's very difficult for us to make the math work and achieve opportunistic returns when large core and core-plus institutional investors are chasing major deals in the primary markets.”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
