LAS VEGAS—What a difference a year makes.  As Rick Chichester sees it, there are differences between RECon 2014 and RECon 2015.  We caught up with the president and CEO of Faris Lee Investments at this year's event for this exclusive video interview, and he explained his theory in full.

You'll also hear Chichester's thoughts on:

• The meaning and importance of such a strong international presence in local real estate,
• The problem with the capital markets, and 
• Constrained supply in the face of high demand.