GlobeSt.com: Market-watchers have declared this theday of the private investor. Do you expect the influx of privatecapital to continue in 2005?
Hardman: There's been a substantial amount ofcapital from all sources through the course of 2004--private;public; institutional; and high-net-worth individuals, both foreignand domestic. Our best guess right now is that this will continue.It's driven primarily by the lack of alternatives in otherinvestment classes and the relatively strong performance that realestate has provided, not only from a high cash-distributionstandpoint but due also to the lower volatility of these pastseveral years.
GlobeSt.com: So there's no more of an expectation forone investor type over any other?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
