Wall of Capital

I attended the Real Estate Roundtable’s State of the Industry meeting last week in Washington, DC. The best way to summarize the mood of the conference was cautious, with continuing concerns over the spreading credit crisis and growing fear of recession. However, the most significant takeaway for me was a general, and what appears to be emerging, view that the current stalemate between buyers and sellers will loosen during the second half, and trades will resume in real estate markets that are still, for the most part, in balance. One of the panelists made the point that there is a growing “wall of capital” that is going to flood into the market once the standoff is broken. In addition, I’ve learned from a number of fund managers that there is also a lot of smart money gearing up to fill in the credit gap with new debt funds. My take on the situation is that, in the second half of ’08, today’s uncertainty will yield to an active investment market fueled by a boatload of pent-up capital.

Job Opportunities
EAGLE REALTY GROUP Investment Manager/Development Specialist(CINCINNATI) This specialist works to develop and subdivide large land parcels upon which to pursue vertical development, and to source, analyze, underwrite and structure joint venture real estate development investments, both on the developed land and separately.

CB RICHARD ELLIS Director, Project Management(PHILADELPHIA) The director interacts with clients to ensure that goals and objectives are being met, anticipates and responds to needs and concerns, oversees the preparation of accurate, timely, and complete reports, and more.

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?


NOT FOR REPRINT

© 2023 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.

 

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 © 2023 ALM Global, LLC. All Rights Reserved.