The Flight to Small Quality
Today Globe Street reported on a “Meet the Experts” panel discussion in Century City California … and what they had to say augurs well for smaller commercial investors in the months ahead.
All the experts lamented the puny deal volumes this year and none of them seem to have a clear prediction of when deal flow will pick up however …
When asked, “How would you invest $3M in this Market?” Here is what they said …
Most responded that they would look for small, quality assets. May said that he would buy good core real estate on the west side…small retail that has long-term potential. “I am seeing a flight to quality,” he said.
Salis said that a lot of the volume that you are seeing right now is on the residential side, such as the 10- to 25-unit multifamily projects in infill locations such as Anaheim or Santa Ana, so that is a place he would look.
Roth would also look for quality. “The nice thing about quality properties is that there will always be tenants who want to park themselves there ”
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