CRE Execs Are Optimistic About These Three Sectors
Industrial, multifamily and infrastructure — those are the areas within commercial real estate tht execs expect to outperform in 2017.
That’s according to Altus Group’s 2017 Real Confidence Executive Index, which asked senior execs how they would invest a theoretical $1B in real estate to make the highest returns this year, NAREIT reports. Industrial real estate took first place, with a 40% year-over-year increase among private equity selections and a 61% jump with REITs.
Multifamily came in second, with little change in REIT allocations but a 27% jump for private equity. Last was infrastructure, with allocations growing 216% from last year’s survey, likely spurred by President-elect Donald Trump’s infrastructure plans. [NAREIT]