REITWorld 2014: Capital Flows into REIT Sector Remain Robust, Panelists Says

Capital flows into the REIT sector from domestic and international investors remain robust, according to a panel of industry figures at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT.

The panelists also said the limited supply of real estate assets is pushing valuations higher.

“Capital is chasing a relatively few number of assets,” said Louis Taylor, senior vice president at Paulson & Co., Inc. “Prices are fair to pretty full.”

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REITWorld 2014 Panelists See More Growth in Retail, Office and Hotel Sectors

(L to R): NAREIT Chair David Neithercut, General Growth Properties CEO Sandeep Mathrani, Boston Properties CEO Owen Thomas and Host Hotels & Resorts CEO Ed Walter

CEO panelists at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT said they expect growth to continue in the mall, office and hospitality sectors against a backdrop of changing consumer and tenant preferences.

NAREIT 2015 Chair David Neithercut, the president and CEO of Equity Residential (NYSE: EQR), introduced the panel of REIT executives by observing that “our industry has a very strong story to tell.”

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