Investors, managers vote on the
Domestically, it is time to start investing in secondary cities while avoiding investments in the apartment sector. Internationally, Europe is again a land of investment opportunity. Strategically, plan sponsors are expecting to commit more dollars to value-added investments on both a percentage and dollar-volume basis.
Those were some of the conclusions reached by investors and investment managers during the fall meeting of The Institutional Real Estate Letter – Americas Editorial Advisory Board. The meeting was held Sept. 2–5 in Laguna Beach, Calif. About 100 participants attended and, in addition to debating issues of the day, used hand-held voting devices to register their opinions on a host of other issues.
Regarding rising concerns that a U.S. asset bubble is forming, participants voted 57 percent to 43 percent that it is not yet the case. Some 58 percent, however, said that of the five major property sectors, apartments/housin