Banker says Capital Markets More Challenging Than Year-Earlier

Jason Kushner, managing director, capital markets at PNC, participated in a video interview at Nareit’s REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.

Kushner described the current state of the capital markets as “unsettled.” The economy, real estate fundamentals, capitalization rates, institutional interest in real estate and the banking sector are all healthy. On the other hand, rapid technological change, an unprecedented interest rate environment and tax reform changes “have left investors on the edge of their seats,” he said.