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Why REIT JVs Will Be Top Capital Source for Developers In 2017

WASHINGTON, DC--REITs will continue to finance development because it gives them access to core deals at the lowest basis, CohnReznick's David Kessler says.

By Erika Morphy | erikamorphy | Updated on January 05, 2017

David Kessler David Kessler

WASHINGTON, DC–REIT joint ventures have been steadily rising for the last two years. In 2015, according to Real Capital Analytics,  the dollar volume of such transactions rose by 50% compared to 2014. When the numbers are crunched for 2016, there is likely to be a similar increase given the ripe conditions for these partnerships.

But 2017 may well be the year when REIT JVs become one of the main go-to sources of capital for developers. GlobeSt.com sat down with David Kessler, national director of the Commercial Real Estate Industry Practice at CohnReznick, and Howard Barash, a principal at the CohnReznick Advisory Group, to talk about why.

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