X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORANGE COUNTY, CA-To diversify or not to diversify your portfolio, that is the question on the minds of many a Southland real estate company. It was also one of the hot topics, albeit one of many, discussed at this year’s “Back to Basics” conference and tradeshow presented by the Orange County chapter of the Institute of Real Estate Management. The event, which drew more than 1,000 attendees, was held yesterday at Anaheim’s Disneyland Hotel.

The diversification issue became a central focus of the conference’s capital markets session, which featured Southland real estate players Robert Campbell of CT Realty Corp., Michael Hayde of Western National Group and Steven Layton of Layton-Belling & Associates. The three-member panel, which was moderated by Stephen Duffy of Ernst & Young LLP, gave the session’s 200-member audience a variety of perspectives when it came to the subject of diversifying portfolios.

Campbell weighed in first, saying a mixed portfolio seems to be the way to go in today’s rapidly shifting market. “We’re very diversified,” Campbell said of CT Realty, where he serves as president. “We probe into areas and then back off quickly.” He added that starting up in today’s market as a single product company seems like a very difficult endeavor.

His remark drew a lighthearted retort from Western National CEO Hayde, who said, “Thank God I’m in a single product.” Of course, his company has had nearly 30 years of practice. According to Hayde, Western National plans to stick with what it knows best, as it has no plans to branch out from its sole focus of multifamily product.

Layton-Belling & Associates, on the other hand, has recently changed both its product focus and capital source. “We decided a year ago to try and fortify the company and find a new source of funds as a longer-term program,” said Layton, who is a principal at the firm. “We decided that industrial was a good, long-term defensive hedge against the highs and lows of the market,” he added. Layton’s company, which just closed its new fund, is now looking to acquire industrial core and core plus properties with five to seven-year holds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.