Lazard Portfolio Manager Sees REIT Returns of 10 to 15 Percent in 2015

Jay Leupp, managing director and senior portfolio manager at Lazard Asset Management, joined REIT.com for a video interview during NAREIT’s 2015 Washington Leadership Forum.

After a solid performance for REITs in 2014, “we do think there’s still room to run” in 2015, Leupp said.

“We don’t think rates are going to rise as much as most pundits,” he said. “We do still see very strong real estate fundamentals… and we still see rent growth and earnings growth tracking ahead of inflation. In our view, this adds up to a pretty good year for REITs.”

Jay Leupp

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Viewpoint: Leading Your Business in the Sweet Times

Matt Slepin

We are in the midst of one of the sweetest times in our real estate careers. We are in the sweet spot of a fairly mature, but not-ending-soon market cycle for the real estate business. It is not universal, and I acknowledge that I have a biased perspective from my perch in San Francisco. But clearly the business is strong, and now is the time for those at the helm to make their dough and make their mark.

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