Why So Many 1031 Investors Are Emerging
SAN DIEGO—Just like home buyers look to level up, we’re also seeing a bit more fluidity in typically middle-market groups seeking more institutional deals and vice versa, Avison Young’s Peter Sherman tells GlobeSt.com.
February 21, 2017 | BY CARRIE ROSSENFELD | GlobeSt.com
Sherman: “I had multiple conversations with investors saying they had money to get deals done in last three to four months, but they effectively did nothing.”
SAN DIEGO—Just like home buyers look to level up, we’re also seeing a bit more fluidity in typically middle-market groups seeking more institutional deals and vice versa, Avison Young’s principal, capital-markets group, Peter Sherman tells GlobeSt.com. Sherman, who is based in Los Angeles, recently attended NMHC’s Conference and Annual Meeting here. We chatted with him about his takeaways and the major themes running through the conference.
GlobeSt.com: What stood out for you at the NMHC Conference or Annual Meeting?
Sherman: It was an absolutely tremendous turnout. Someone had mentioned the actual numbers by comparison, but it was more than 6,000 people. I’ve been going to these conferences for a number of years, both before the downturn and afterward, and this was one of the largest turnouts I’ve ever seen. It certainly speaks to a very healthy and optimistic marketplace.
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