SAN DIEGO—Return performance drives demand for CRE. So said moderator Matthew Lawton, executive managing director of HFF, at the 2017 NMHC Apartment Strategies Outlook Conference. “And there is tremendous among of offshore capital continuing to look at the US and we expect to continue to see this trend.”
Lawton led panelists in a discussion on Tuesday about risk or rewards. He talks about what is driving investor sentiment in 2017 and beyond.
Panelist Martine Philibert, VP of Ivanhoe Cambridge Inc., referred to her firm as a city investor. “We don't look at the US as a global place.” For Ivanhoe, Philibert says that in addition to having a city strategy, the second part of the strategy that makes it successful is to work with local partners that are very entrepreneurial.
“You have to work with a partner who has the right knowledge and who has experience. We tried it ourselves and it was pretty hard.”
As for what she seeks is a local partner, she looks for someone to help build a portfolio, and who buys the assets one by one, and who doesn't look at it as a bulk. “These local partners know each corner and each street. They see the opportunities, trends and they can be agile.”
Panelist Eric Wurtzebach, senior managing director of Macquarie Capital, agreed that finding the right partner is important. “Most large investors are investing through the cycle so they aren't necessarily trying to time their investments. But they are focused on finding the right partner who will help point them at the right risk adjustment at the right time.”
As for investing with funds, as opposed to only with a sponsor or at the asset level, panelists say that it allows for more flexibility. Philibert said: “Investing with funds is an opportunity for us to go into certain markets or certain deals we wouldn't be able to go to ourselves.”
Keep checking back with GlobeSt.com in the next day or so for more from the NMHC event.
Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.
SAN DIEGO—Return performance drives demand for CRE. So said moderator Matthew Lawton, executive managing director of HFF, at the 2017 NMHC Apartment Strategies Outlook Conference. “And there is tremendous among of offshore capital continuing to look at the US and we expect to continue to see this trend.”
Lawton led panelists in a discussion on Tuesday about risk or rewards. He talks about what is driving investor sentiment in 2017 and beyond.
Panelist Martine Philibert, VP of Ivanhoe Cambridge Inc., referred to her firm as a city investor. “We don't look at the US as a global place.” For Ivanhoe, Philibert says that in addition to having a city strategy, the second part of the strategy that makes it successful is to work with local partners that are very entrepreneurial.
“You have to work with a partner who has the right knowledge and who has experience. We tried it ourselves and it was pretty hard.”
As for what she seeks is a local partner, she looks for someone to help build a portfolio, and who buys the assets one by one, and who doesn't look at it as a bulk. “These local partners know each corner and each street. They see the opportunities, trends and they can be agile.”
Panelist Eric Wurtzebach, senior managing director of Macquarie Capital, agreed that finding the right partner is important. “Most large investors are investing through the cycle so they aren't necessarily trying to time their investments. But they are focused on finding the right partner who will help point them at the right risk adjustment at the right time.”
As for investing with funds, as opposed to only with a sponsor or at the asset level, panelists say that it allows for more flexibility. Philibert said: “Investing with funds is an opportunity for us to go into certain markets or certain deals we wouldn't be able to go to ourselves.”
Keep checking back with GlobeSt.com in the next day or so for more from the NMHC event.
Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.
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