NASHVILLE— Capital will start flowing again to real state in the next few years, said Bret Wilkerson, director, Property & Portfolio Research (PPR), during Smith Travel Research’s 2002 Client Conference here. “Almost all of the lenders we are talking to— such as pension funds, etc.— are looking to increase their allocations to real estate. So if they give a 1% allocation in terms of an increase to real estate, that means $50 billion for real estate [in terms of new capital available]. Some of that will go to hospitality, some to private vehicles, some to other markets like office, warehouse and retail,” Wilkerson stated. This allocation of capital should happen in the next few years, he added. “If more money is allocated, then we can get that number, [$50 billion], up to $75 billion-$80 billion,” the PPR director further indicated.
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