ORLANDO—A trio of decision makers from some of the nation'sbiggest institutional investors shared their observations on themultifamily market and strategies for the coming year in aninformational session moderated by Real CapitalAnalytics' founder and CEO, Bob White.The panel, "Awash in Capital: The Impact of Global Investment onthe US Market," was a highlight of the NMHC's 2016Apartment Strategies Outlook Conference, which attracted about1,800 attendees here on Tuesday.
White kicked off the discussion with an overview of the biggestapartment buyers of the past year. The BlackstoneGroup, not surprisingly, was at the top of the list, withover $9 billion in multifamily buys in 2015. Yet more than half ofthe figure can be attributed to the firm's $5.3-billion acquisitionof Stuyvesant Town in New York City, pointed out Blackstoneprincipal Olivia John.
The fact that the Stuy Town deal was an off-market transactionwas a huge boon for the company, John noted, since the landscapehas been incredibly competitive. One thing she noticed as theBlackstone team was out looking for opportunities in the market,she said, was that "all of a sudden we and our competitors—LoneStar, Starwood, etc.—were all actively competing for the samedeals."
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Sule Aygoren
Aygoren oversees the editorial direction and content for ALM’s Real Estate Media Group, including Real Estate Forum and GlobeSt.com. In her tenure with ALM, she’s held roles of increasing responsibility, including Managing Editor. Aygoren has received several awards for her coverage including Best Trade Magazine Report from the National Association of Real Estate Editors and the James D. Carper Award for Young Journalists. Under her direction, Forum has received four national NAREE awards for Best Commercial Real Estate Trade Magazine.
