Four real estate experts pointed to a range of opportunities for investing in apartments and commercial buildings in a presentation at Sage Executive Group’s quarterly learning event held Feb. 27 in San Diego.
Damian McKinney: Principal of Avison Young’s San Diego office and founder of McKinney Advisory Group, said he anticipates that “it will be five years or more that the economy will lift the real estate market,” but also advised caution, saying, “you make your money when you buy.”
Nick Davison: President of Sterling Investment Group who has concentrated on renovating undervalued properties and more recently developing multifamily holdings, said a niche opportunity is developing small units that are being encouraged by cities such as San Diego to help deal with the housing shortage.
Government involvement may not always be a negative for the rental market, said Christopher Russell, Managing Director of Mercatus Partners, the real estate investment arm of wealth planning company Andina Family Offices. He noted that in areas where government pushes for controls, rents may actually be rising the fastest.
And the fourth speaker, Chris Robinson, Senior Vice President of ACRE Real Estate Investment Services and a self-described “apartment geek” said he continues to work in the “middle to lower” end of the market” and that “during times of change, there are opportunities.”
Sage Executive Group operates peer advisory groups for CEOs, presidents, partners and founders of privately held businesses. The Sage process has been developed by leaders who have over 45 years of collective experience with CEO peer advisory groups, providing an effective and value-driven member experience. For more information, go to www.sageexecutivegroup.com or contact Sage at (800) 648-1063.