Thursday, March 10, 2011
Wisconsin Real Estate Viewpoint Blog
Reporting from MIPIM Day 3
After watching the U.S. property markets collapse following the financial crisis and negative returns continue into 2010, optimism was surprisingly high in the panel "US Property Markets: Where are the Opportunities?" NAREIM
President Stephen Renna led the panel of investment managers to try to answer to the question Where will investment take place in 2011?
The short answer was multifamily properties in core markets. These markets, including Washington DC, New York City, Boston, Los Angeles, San Diego and the Bay Area of California, all command premium rents, have strong employment growth, and high populations of the younger demographic with a higher propensity to rent.
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