The Smartest Money’s Looking for the Next Opportunity to Move Aggressively Early via Multifamily Executive Magazine

Sometimes things work the opposite of the way they should. Now, for instance. If apartment finance worked as it should, lenders’ and investors’ money would find its way naturally into solid business opportunities.

But, that’s not the way most of our audiences would say things work in the real world. Two major obstacles here: Wall Street and Capitol Hill.

Big-money real estate, such as it is, is a risk–reward hodgepodge of speculation, local idiosyncrasies, policy, and, now, a global economic tidal wave that crashes through every part of the broader economic and housing landscapes. So, what constitutes a good business—or could potentially perform a solid operation that meets a market need, pencils profitably, and runs well—does not necessarily bubble up among capital’s Wall Street gatekeepers. Nor do the projects where the need and opportunity stars align work much magic among policymakers who may lack the political will to channel Uncle Sam–backed dollars.

Read more...Apartment Finance Now—The Smartest Money’s Looking for the Next Opportunity to Move Aggressively Early - Finance - Multifamily Executive Magazine