2010 Apartment Forecast:
An Uneasy Optimism
Where the capital will come from to keep deals moving and where the best distressed asset opportunities lie were among
the hot topics laid out before more than 1,000 attendees at
RealShare’s Apartments 2009 conference in October. While speakers generally agreed that deal flow has increased somewhat, it still
has a long way to go to reach a normal market. And despite the
ever-intensifying interest in distressed assets, speakers also agreed
that not all sources of distress offer the same opportunities or the
same level of execution ease.
Panelists throughout the conference and networking event in
Los Angeles forecast the coming year as an interim period for
the national economy, employment and the apartment industry
and its financing.
The RealShare Conference Series is produced by ALM’s Real Estate
Media Group, publisher of Real Estate Southern California and
REAL ESTATE FORUM. To read more about these conferences, visit
www.GlobeSt.com. Information on upcoming RealShare events can
be found at www.almevents.com/realshare.
From various analyses, keynote speaker Doug
Culkin of the National Apartment Assoc. predicted an
interim period for the national economy, employment
and the apartment industry. “We expect GDP to begin
recovering in 2010—but at a modest 1.7% to 2%
growth rate,” he said.