NEW YORK CITY-Great change is afoot in real estate, and investors have many opportunities to take advantage of that, but they could also get burned if they don't invest wisely. That was the key message of the Eisner/Amper Real Estate Private Equity Summit, which was held Tuesday in midtown Manhattan.
“This is the first time in some time that real estate is seeing a change,” said David Lichtenstein, chairman, the Lightstone Group.“If you can see where the change is going, think about how you can take advantage of it.”
However, advised Dean Adler, CEO and co-founder Lubert-Adler, “Whatever decision you make today, you have to keep in mind the fact that you're preparing for a more hostile environment. Interest rates, cap rates and supply are all going to increase.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
