CREConsole posted a summary and links to the full report here.
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1 comment:
On balance, I can see this as possible / reasonable for an index that is nationwide and tracks many different property types. The picture gets a bit more cloudy once drilling down into different locations and property types; core assets in 'gateway cities', in my opinion, will be trading above their pre-crash peaks sooner than later, regardless of what absurd rent growth assumptions are needed. There is just too much cash chasing these assets, while other assets, like a half leased suburban office building outside of dallas or chicago, won't be touched with a ten foot pole.
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