Written by Webster Pacific Consultant Steve Bazant. Published by Cre.Tech on October 23rd, 2017.
Recently, I was sitting down with a contact who works at a premier commercial real estate (CRE) investment company with a nation-wide portfolio. We were discussing his national portfolio and the types of markets in which the company usually invests. At one point during our conversation, he said something that struck me: “Our current strategy is to only invest in sunbelt markets.” His reasoning here was that these markets are “up and coming”. I knew that this contact had huge success in the world of CRE, but I found myself thinking, what does “up and coming” even mean? How do you prove that? How could a national investment strategy be the southern half of the entire country?Read More