ATLANTA—Jacob Frydman, CEO of United Realty, has some contrary views—and some forward-looking insights that commercial real estate investors need to hear.

In recent weeks, I've been talking with Frydman about how tighter underwriting demands are impacting lending. He also shared with me his insightful take on investor opportunities, challenges, and fears and how he sees investor strategies changing in 2015.

In our final installment of this exclusive series, Frydman shares his thoughts on where the commercial real estate momentum is. He also gets real about the chatter over secondary and tertiary markets and offers some sage advice for investors this year.

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