NEW YORK CITY—With the benefit of hindsight, a group of industry executives recently discussed some of the highlights—and low lights—of 2014 and they looked ahead to next year during a NAIOP meeting.
“This has been a challenging year in the acquisition environment,” said Todd Bassen, senior director-acquisitions, Invesco. I've pushed back this year with pricing where it is so we haven't been as active this year but that's probably going to change.”
Agreed Rob Schiffer, managing director, SL Green, “Our year was tough too, pricing practically was impossible. Everything we bought was off market, very transitional, opportunistic buys. Structured finance has been tough for us too. We've manufactured yield by investing in land and other assets that are non traditional for us.”
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