James Duncan knows not all markets are created equal.
The CFO of Jefferson Apartment Group (JAG) is seeing strong growth in some while others are slowing down, but he isn’t writing the slower markets off just yet.
And while some institutional investors are scaling back their appetites in potentially overheated markets, Duncan believes it hasn’t affected the liquidity for multifamily developers looking to strike a deal.
“I think they’re being more cautious relative to their investment in markets that could have some supply issues,” he said. “And where we’ve seen others get too cautious or pull back a little bit, we’ve seen other equity providers step in.
Read more...CFO Survey Preview: Rent Growth Momentum in 2014 - Finance, Finance - Multifamily Executive Magazine
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