"At the end of the day, we like to invest in long-term macro trends, and housing is one of them," said Daniel Palmieri, Managing Director at KKR, during a panel discussion at the GlobeSt. Multifamily Fall Conference in Downtown Los Angeles. "The United States is under-housed," he added.
Palmieri explained that their recent significant portfolio purchase was made at a discount to replacement cost in markets that were experiencing housing shortages.
Panelist Craig Cowie, Senior Managing Director of Investments at Affinius Capital, noted that current capital raises for institutions are primarily focused on value-add opportunities. "We need core-plus capital flowing in to allow us to rotate our portfolios," he said.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
