When I began writing this story on the search for yield in a low-yield environment this week, it had a familiar ring. Turns out this was the same gist of a story I wrote in 2007 -- at the last peak of CRE valuations.
Back then, I wrote: Companies are less likely to bite on deals, but there is no lack of sellers pushing product and capital doesn't appear to be too constricted, just that lenders are a little more demanding.., The majority of real estate CEOs and senior executives expect 2007 to be a year of revenue growth and higher profits, marked by a race to find appropriate investments and take advantage of growth opportunities in a market that continues to be flooded with capital.
Read more...CRE Investors Experiencing Déjà vu in Search for Yield - CoStar Group
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