Private equity investors may be deploying different strategies, but their end game is the same. They all want higher yields in what remains a highly competitive market.
The quest for bigger returns is prompting private equity investors to expand their target markets and move away from the relative “safety” of core properties in major metros and top secondary markets.
“The trend is that the money all started with a very narrow fairway, and now it is widening—both from an asset class and different markets that people are willing to invest in,” says James Tramuto, managing director, of Jones Lang LaSalle’s Capital Markets in Houston.
Read more...Private Equity Investors Play the “Yield Compression Game" via NREIonline.com