Look for continued growth in valuations and operating income in the commercial real estate industry during the second half of 2012, according to Paul Whyte, managing director with Credit Suisse.
Whyte heads Credit Suisse’s real estate investment banking division. In a video interview with REIT.com in New York at REITWorld 2012: NAREIT’s Investor Forum, Whyte offered his near-term outlook for REIT investment in the United States. He also discussed some of the potential pitfalls in both the real estate market and financial system that could give REIT investors problems.
Whyte said he expects the gains will be “spotty.” He also said he expects investors to keep up the ongoing “flight to quality” in terms targeting trophy assets.
Watch video...Valuations Expected to Climb in Second Half via REIT.com
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