For Some Family Offices, Now Is the “Buying Opportunity of a Century” When It Comes to CRE
The question is which property sectors look safe as long-term picks?
March 26, 2020 | John Egan | National Real Estate Investor
As America grapples with the coronavirus-impaired economy, family offices are feeling the same uncertainty as other investors are. In some cases, it means it’s time for them to selectively search for commercial real estate opportunities. In other cases, it’s time to pause investment activity.
For investors who want to act rather than stand still, execution of acquisitions and sales has been hampered by market volatility and illiquidity, says Randy Hubschmidt, managing partner of Fortis Wealth, a multi-family office in King of Prussia, Penn. He’s seen deals extended or canceled altogether due to the inability to wrap up previously approved financing.
“So, despite the historically low interest rate environment, attractive financing is difficult to execute now,” Hubschmidt says.
