What Investors Want
Capital appetite for CRE is incredibly strong and the investment bull's eye is widening, CBREs Spencer Levy told us during one of our final interviews at this years Mortgage Bankers Association CREF event last week in San Diego (seeBisnow's on-the-ground coveragehere). Last year, money only wanted core properties and crickets for everything else, he says. Meridian Capital Groups Tal Bar-Or sees a bifurcated market in whichinvestors wanting yield have to find other markets and other product types to get it (think retail, hotel, and value-add opps), whereas core investors are accepting lower yields in exchange for safety of capital preservation.
Zombie killing resumed last night begging us to ask , "What would Daryl do?" Tell tonie@bisnow.com your theories.
