HOUSTON–GlobeSt.com talked with Transwesternexecutive managing director Steve Pumper to gethis perspective on the Houston market. Pumper will moderate theInstitutional Capital Markets panel at ourupcoming RealShareHouston conference on May 1 at the HoustonianHotel.

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GlobeSt.com: Can you give an overview of where you seeHouston's institutional capital market today?

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Pumper: It's still quite vibrant given theunderlying strength of the local economy, which continues tobenefit from the strong energy sector, growth in the port and avery active medical industry.

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GlobeSt.com: What do you think it is about Houston thatmakes it so attractive to investors?

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Pumper: Houston is very pro-business. Rightnow, many of the industries that make up Houston's underlyingfoundation are in a significant growth mode with very brightlong-term outlooks. The ongoing job growth within these industriesis creating a ripple effect throughout Houston and causing otherindustries to expand.

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GlobeSt.com: What are the key property types thatinvestors are pursuing in Houston these days?

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Pumper: Every significant property type isbeing pursued in the Houston area. There is a robust appetite formultifamily, as well as interest in office, as investors see upsidein job growth for the foreseeable future. In addition, that jobgrowth has in turn benefitted both the multifamily and retailsectors. Finally, the growth in the port has spurred stronginterest in industrial acquisition and development for regionaldistribution.

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GlobeSt.com: Do you think we will continue to see a lotof interest from investors in the years ahead?

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Pumper: As the city continues to mature and itssubmarkets continue to fill out, driven by strong business growth,I believe that the investor appetite will remain strong and activein Houston, with compelling underlying demographics.

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GlobeSt.com: What can we expect from the InstitutionalCapital Markets panel at RealShare Houston?

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Pumper: The panel will be a very activediscussion, focusing on acquisition and development on the equityside of the equation, given the very competitive market in thegreater Houston area.

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