LOS ANGELES—Jobs are the key driver for all product types, Gary Steinhardt, a senior director in the investment group at American Realty Advisors, tells GlobeSt.com in an exclusive video interview at RealShare Los Angeles. During the recent conference, Steinhardt sat down to discuss the L.A. market, explaining:
- American Realty Advisor's interest in suburban markets
- The characteristics the firm looks for in an emerging market
- How they are staying competitive in such a tight market
- The characteristics the firm looks for in a property
Before sitting down on the Shift of Capital: Identifying Opportunities in Alternative Markets panel at RealShare L.A., Steinhardt talked to GlobeSt.com about American Realty Advisors' suburban strategy, saying, “All the pundits have been telling us for years that the suburbs are dead—that millennials only want to live in tiny-units in urban, walkable, amenity-rich areas. We have taken a slightly contrarian view and continued to believe that thoughtfully renovated larger units in suburban locations can perform extremely well over the longer-term.”
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Kelsi Maree Borland
