ULI Video: Jobs, Leasing a Concern. Multifamily Isn't.
LOS ANGELES-There are reasons for concern in the commercial real estate industry, among them job stagnation, the European debt crisis and the slowdown in the CMBS market. But most professionals seem to agree that the multifamily sector is performing well right now, said Lillian Chen, a tax partner at Moss-Adams LLP, a new GlobeSt.com Thought Leader firm. She spoke here at the recent ULI conference with GlobeSt.com's Bob Howard.
The two also discussed:
- Where cap rates stand in the multifamily sector and the deployment of capital.
- Concerns about IRRs in multifamily.
- Why it's important to put tax considerations in place well before a transaction takes place.
- Where the commercial real estate market will be a year from now.
Look for quarterly Thought Leadership columns from Moss Adams professionals starting this month.