There’s a lot to like about the West Coast, which has both natural advantages in terms of its ports and its geography, and man-made strengths in the form of a top-tier education system and the presence of multiple, rapidly growing technology firms.
With core assets delivering thin returns, institutional investors are looking at value-add and redevelopment opportunities.
Strong demand from renters has kept up with a high pace of new construction, allaying fears of overbuilding in the market.
Private equity, infrastructure and real estate firms are broadening their sources of capital to fuel expansion and remain nimble.
Rick Singer starts this month at Winter, a New York-based real estate investment, management and development company backed by the founders of closely held Standard Industries.
Billionaire Dan Och’s hedge fund firm is targeting $2 billion for its fourth fund focused on opportunistic property investments as soon as the end of the year, according to people familiar with the matter.
Although some cross-border investors have taken a step back from U.S. real estate, there remains strong interest from buyers around the globe.