X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
‘A Glimmer’

I had an opportunity to meet with the president of one of the multi family REITs yesterday and walked away feeling pretty good after learning that the company is making acquisitions and gearing-up for renewed investment activity over the next 12 months. They are beginning to see institutional investors selling apartment assets, typically, selecting some of the best in their portfolio to achieve the most favorable pricing. Their long view is, at today’s pricing, for A-Products, with strong demographics long term, they will do very well. Good news indeed–I haven’t felt as good leaving a meeting in a long time. This was on the heels of a Webinar that was produced last week by Globest.com and SelectLeaders, “Job Opportunities in a Turbulent Market”. The discussion highlighted that, while activity is slow on the hiring front, there are signs that the market is beginning to stabilize and hiring activity should start to recover in 2010. Most investors have made their cuts this time, nicking the bone, and once real estate trades start to happen and the market starts to clear, I expect that we’ll see recruiting activity sooner than many of the skeptics expect.

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

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.