If you had to pick a massive value winner for commercial real estate owners over the last year or so, it would have to be industrial, with the drive toward e-commerce for everyone.
A close second, thought, would be multifamily. People need to live somewhere at least as much as they need to order products online. But what's the winning formula going forward? Value-add?
"Given the volume and velocity of capital looking for exposure to the sector, we are expecting all categories of multifamily assets to be competitive," Matt Frazier, founder and CEO of Jones Street Investment Partners, tells GlobeSt.com. "However, where value-add strategies offer opportunities for incremental investment return, and where renters have more income as payrolls continue to rebound, value-add strategies may be particularly sought after."
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