Search
 

Appetite for RE Assets is Strongest in Years

CHICAGO—CalPERS is just the latest significant owner to put a huge portfolio of assets up for sale, and others could soon join the rush, says Avison Young's Erik Foster.

By Brian J. Rogal | Updated on July 02, 2015

CHICAGO—As reported in GlobeSt.com, the California Public Employees’ Retirement System announced plans this week to sell as much as $3 billion of its real estate investment holdings. It was just the latest of several major owners that have recently put up vast portfolios for sale. And Erik Foster, principal and practice leader of Avison Young’s Chicago-based industrial capital markets team, tells GlobeSt.com that we’ll soon see even more portfolios like this hit the market.

“Now is the perfect time for major players to divest themselves of non-core assets that are incompatible with their companies’ strategies,” he says. Buyers have become very aggressive and their current “appetite for assets is the strongest it’s been since the recession. So if you’re going to maximize your value, now is the time.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.