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 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