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Real Estate CEOs Predict Long Road to Recovery
February 3, 2010Amid signs of a stuttering recovery, senior real estate executives report that declining fundamentals and deterioration in Net Operating Income (NOI) pose formidable challenges to the commercial real estate sector — encompassing office buildings, shopping malls, warehouses, hotels, and apartment buildings — according to The Real Estate Roundtable's 1st quarter 2010 Sentiment Index. "Our industry urgently needs public policies that will drive job growth in the economy. We need policies that will facilitate equity investment in real estate. And we need policies that will restart a secondary market – to help banks clear their balance sheets of toxic assets while encouraging greater lending to credit worthy borrowers, both large and small," Roundtable President and CEO Jeffrey DeBoer said. Full release.