In Wednesday’s commercial real estate news – we’ll look at how the prices rise for apartment buildings, how investors are looking for bargains in undervalued markets, the retail REITs insist the business is solid as wall street gives them a thumbs down, and more.
Investors are getting pickier about the properties they buy and the prices they are willing to pay.
There are certain markets that are still nowhere near that previous peak,” says Jim Costello, senior vice president at Real Capital Analytics.
Year-to-date, retail REITs have underperformed the broader REIT index by roughly 1,400 basis points.
NREI interviewed several real estate experts on the implications of the policy and the destructive affects it will have.