Los Angeles
The Fed's decision to cut interest rates last year were met withenthusiasm, but will they have an impact on investment activity in2020? The answer really depends on the investment company andbusiness strategy. For powerhouse workforce housing investorTruAmerica Multifamily, the decrease in interestrates will have little impact on the firm's investment activity orbusiness strategy this year.
"It certainly gives more confidence because if you can refinanceat a lower rate, you get more cash flow, but it hasn't really oneway or the other changed our strategy," Bob Hart,president and CEO of TruAmerica Multifamily, tells GlobeSt.com. "Ithas definitely helped the deals that are on the market or in somecases where we have underwritten at a certain level, it has been anet pick-up."
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Kelsi Maree Borland
