March 07 2015
Source: Commercial Property Executive
Commercial Property Executive Highlights Panel Discussion Featuring Allegiancy CEO Steve Sadler
iGlobal Forum Special Report: Secondary Markets, Prime Opportunities
How do you pick a secondary market? An expert panel offered answers to that pressing question this week at iForum Global’s annual Real Estate Private Equity Summit in New York City, a panel that featured Allegiancy CEO Steve Sadler.
“We are certainly very focused on the big demographic trends”—job growth, education levels and age, noted the CEO of the Richmond, Va.-based asset manager.
Attractive investment opportunities can be found in these dynamic secondary markets, yet investment opportunities also come with caveats.
“If you’re in a secondary or tertiary market, the exit is the question mark,” Sadler observed. As he summed up the question, “Is your market going to be out of favor the day you’re ready to sell it?”
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