MIAMI—How have the capital markets changed in the past year? And how are they likely to change through the course of the year? What about the flow of capital from global sources into the U.S.? We caught up with Jahn Brodwin, senior managing director in the FTI Real Estate Solutions practice in New York, to get his expert insights.

GlobeSt.com: How have the capital markets changed in the past 12 months and how are they likely to change throughout the course of the year?

Brodwin: Public markets have been fairly stable and assuming interest rates stay where they are—and they are expected to—there should be no meaningful change this coming year although it is still difficult to do an IPO right now as I assume the market feels like there are enough REITs so any new players would have to have something interesting to offer. Other international public markets are receptive though to US based offerings. The Canadian market comes to mind and have had some successful IPOs.