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NREI: First-Quarter Investment Sales Volume Disappoints, But Activity Remains Historically High

According to NREI:

Cries that a double-digit drop in first-quarter investment sales volume corresponds to an imminent market implosion are overblown, according to industry sources. The slowdown in activity was expected for some time, they claim.

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“We were not surprised by the slowdown in deal volume in the first quarter. The prospects for tax reform are higher than they’ve been for a long time and bring potential for uncertainty in property investment,” according to Dave Bragg, managing director at Green Street Advisors, a Newport Beach, Calif.-based research firm. Transaction volume in the next couple of quarters should remain consistent with first quarter performance, Bragg notes.

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To read the full article from NREI, click here.