Monday, March 18, 2013

PREA Special Report: Housing Still Surest Bet in CRE via Commercial Property Executive

Despite construction costs on the rise and financing still not being up to par to what it used to be pre-great recession, real estate is still the soundest investment of today and tomorrow, according to commercial real estate high rollers who spoke at Pension Real Estate Association’s 2013 Spring Conference in Washington, D.C.

“Real estate is a great investment, if you have real estate expectations, it’ll raise returns,” said David Rubenstein, chairman & founder of The Carlyle Group during the earlier part of the first part of the two-day conference taking place March 14-15. “Real estate does not appreciate at 20 percent a year, but if you love to touch and feel the asset and you want something that has some stability to it and you’re happy with the rate return that is realistic, at about 15 percent, I think real estate is universally good to invest in.”

Read more...PREA Special Report: Housing Still Surest Bet in CRE | Commercial Property Executive

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