| ULI chairman Jeremy Newsum shared his thoughts on the role of real estate in the current recession and how the business is changing as result. He opined that a “flexible and adaptable” real estate business that attracted the brightest professionals was necessary for bringing the best resources and strategies to bear. Long-term strategies implemented by dedicated real estate professionals focused on ownership and appreciation over current income would be a return to business fundamentals and best practices. The next era could be a return to the real estate business using money instead of the money business using real estate. |
Newsum on the New Normal
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