PHILADELPHIA, PA—Asia presents better risk-adjusted returns than the US right now, and asset-price deflation is likely in the US, a partner with Apollo Global Management told members of the NAI Global network gathered in Philadelphia earlier this month for the firm's annual leadership summit and a global look at the economic factors driving the market around the world.
“In all candor, we see more opportunity in Asia for risk-adjusted returns than we do here,” says keynote speaker Philip Mintz, partner and CIO with Apollo Global Management's US and Asia real estate equity business, based in New York. “I just see a correction coming with asset-price deflation as part of that trend in the US.”
Mintz compared the outlook for the US economy with Japan's, during that country's dive into deflation in the 1990s. Mintz, an Asia investment expert, lived in Japan while working for Asia Pacific Land as the chief investment officer and earlier as a partner with Warburg Pincus focused on Asian real estate investing, and before that as the chief executive officer of General Electric Real Estate Asia.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
