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Industry Leaders Talk Construction Costs, Lending and Investors

LOS ANGELES—Multifamily experts at the recent RealShare Apartments say that development is in a good spot, that there is a huge opportunity for private buyers and ask whether banks and insurance companies will continue to build their balance sheets as they have been.

By Natalie Dolce | Updated on October 25, 2016
RealShare View from the Top Panel RealShare View from the Top Panel

LOS ANGELES—Top executives from some of the most active companies in multifamily recently discussed market conditions as well as strategies that work, and how they are propelling their business forward at RealShare Apartments. During the panel last week, titled, “Industry Leaders: A View from the Top” moderator Stan Jones, executive director of Institutional Property Advisors, asked panelists about their business and about how they feel in today’s environment.

For Jeff Allen, founder and CEO of Raintree Partners, who said that his remarks are limited to California, things are going well. “We started cranking up our development organization in 2012 after shutting it down in 2008-2011 and started buying land at prices that, today, would seem extraordinary,” he said.

Allen pointed out that there are pockets that are challenged, such as pockets of San Francisco and the Bay Area, but over the long term, he said, “we are feeling pretty good about development today.”

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