Tim Pire, managing director with Heitman, joined REIT.com for a video interview at NAREIT’s 2015 Washington Leadership Forum.
Pire said he remains optimistic with regard to prospects in the lodging and suburban office markets. The lodging sector is benefitting from continuing improvement in the economy and limited supply, Pire said. Corporate earnings reports and forecasts for 2015 have also been positive, he noted. Suburban office, meanwhile, has benefitted from the expansion in employment, Pire said.