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.
“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.
To read the full article from NREI, click here.