IS SUPER COMMITTEE'S FAILURE GOOD?
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|Hungry capital is not only going after multifamily. The Super Committee's failure to reach a deficit deal might not do much for congressional approval ratings, but Reis research meister Victor Calanog (snapped at our August event on distress) tells us it could boost CRE investment. "It adds to the overall atmosphere ofuncertainty," he says, "and to many investors real estate looks like arelatively safe bet." Volatility in the stock market and a rocky road for sovereign bonds means yield-producing investments are dwindling, and the assumption is that good-quality assets in strong markets will at least generate income. "Even if fundamentals are tepid, expect to see investment inflows to hold steady over the next year," he says.|