“Capital Insights” with Jack Kern: Coming Soon – Investor Optimism
- Jan 20, 2009
The prospect of a full blown commercial conundrum is now in full view, as news outlets continue to report stresses in all major property sectors. With the industrial, office, retail and multifamily property groups vying to avoid the ranking for the worst of the bunch, we can take some solace as an industry in being at the end of the recessionary trough. It can only get better from here.
This week, I’m in Palm Springs, Calif. for the National Mult Housing Council’s Apartment Strategies Conference, along with the NMHC Annual Meeting. I’m planning to be pretty diligent about taking notes and getting the facts and I’ll share what I’ve heard and learned after the sessions. From what I’ve seen so far, while there is a great deal of concern about how the multihousing industry is doing, there is also grounds for optimism and hope for 2009.
Let’s face it, compared to the other sectors, there are lot of advantages to being an apartment owner.
If you’re attending, I hope you’ll find time to seek me out and say hello. I’ve been fortunate that a lot of people have gotten in touch with me to say hi and share their insights and concerns. Having this blog is a two way street, and you, the reader, are the best part of the experience.
Happy New Year and here’s hoping to see you in Palm Springs.
(Jack Kern is the managing director of Kern Investment Research. The firm’s reach now includes clients from Los Angeles to London and Singapore to San Francisco. Jack can be reached at 301-601-1900 or JKern@KernIRC.com.)