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, a