Investors' Prime Concern

While we've been talking about capital heating up in anticipation of this week's Bisnow fifth annual Atlanta Capital Markets Summit, investors are still cautious because of Atlanta's reputation for getting overbuilt, says Northwestern Mutual Real Estate Investments' Henry Lange. Henry, who'll be a panelist, says placing money for office is all about the submarket; the right ones like Buckhead or Central Perimeter (which are seeing record pricing again) are getting plenty of investment interest. (Just don't say that around the other submarkets, they might get jealous.) Many institutional investors feel Atlanta came out of the recession later, he says, so we're still early in the recovery cycle.

While Northwestern invests both debt and equity, Henry says it's been doing more debt financing due to the current long-term, fixed rates. For instance, it helped fund Daniel Corp's 77 12th apartment tower in Midtown, helped Cousins Properties come up with the financing for its Promenade purchase (above), and is financing Majestic Realty's 560k SF spec warehouse project near the airport. Hear even more from Henry and other top speakers at our event by registering here.

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