National Real Estate Investor
10 Must Reads for the CRE Industry Today (May 5, 2014)
Goddard Investment Group and MetLife consider buying Dallas’ largest office tower, according to the Dallas Morning. Spear Street Capital agrees to pay $278 million for BlackBerry’s Canadian properties, reports Reuters. The Sacramento Bee details a proposal to use $600 million in veterans bonds to build multifamily housing. These are all among today’s must reads from around the commercial real estate industry.
Seniors Housing: Another False Dawn?
In the late 1990s, there was much fervor around seniors housing, resulting in significant development, over-supply and disappointing returns. Is today’s investment interest, including new development, just another false dawn for this niche? I don’t believe so. With favorable demographic fundamentals and higher yields relative to conventional apartments, the seniors housing sector is emerging as an increasingly attractive investment opportunity.