LOS ANGELES—Industry leaders have different methods of determining the sectors garnering the most attention for investors. Some look at geography while others look at capital flow or development. Today, all of these experts will convene in the same room for RealShare Los Angeles to discuss the strongest sectors, predictions for 2014 and everything from development to the capital stack. If you haven't signed up, it isn't too late. Join us at the Hyatt Century Plaza in Century City for RealShare Los Angeles.
Among the ranks is panelist Gary M. Tenzer, managing director of George Smith Partners, who will be moderating the Inside the Capital Stacks panel, which features an unusual mix of lenders who can offer a unique perspective on the market. According the Tenzer, the panel will talk about everything loan size and structure to how capital ranks within the stack. “I am also going to be talking about geography,” says Tenzer, who believes everything depends on location. “For example, the core downtown markets for core real estate investors are very hot and cap rates are very low. If you go somewhere like the Inland Empire, you aren't going to find as aggressive of a deal on an office building,” he says.
Green Street Advisors managing director Andy McCulloch will sit in on the Where Are We and Where Are We Going panel, moderated by Rick Chichester, president and CEO of Faris Lee Investments. McCulloch tells GlobeSt.com, “operating fundamentals are strong in every sector.” He believes that industrial and office will pick up in 2014 while retail and multifamily will balance out a bit. Although he felt this is true across the board, he definitely agrees that a lot depends on geography.
TruAmerica president and CEO Bob Hart will speak on the multifamily panel. He may be a little biased, but he sees multifamily staying strong in 2014. However, he does note the importance of development projects. “You really have to see more product coming out in tight markets like Southern California to maintain momentum and deal flow because when capital can't find a home, people go elsewhere.”
These are just a few of the opinions these experts and more will be sharing on panels throughout the day at RealShare Los Angeles. Feel free to join us at the Hyatt Century Plaza.
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