As the CRE investment climate continues its aggressive trajectory across virtually all asset classes, some industry experts question whether current pricing remains in line with valuation.
But a better question may be what properties are worth overpaying for today, says John Chang, senior vice president of research services at Marcus & Millichap.
"Integral to this idea is that beauty is in the eye of the beholder," Chang said in a recent video breaking down the current investment climate. "Some people look at a deal and say 'whoever pays that much for that asset is nuts.' Then five or 10 years later the investor who bought the property is proven to be a genius. Maybe it's luck or maybe the rising tide lifted all boats—or maybe that investor simply say something that others didn't."
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