This week’s OBP Perspective is provided by Tom Powers:
We’re as busy as we’ve been in the past ten years and talking with our colleagues around the country, they’re all busy as well. Why? Maybe it’s us but I’m pretty sure a lot has to do with an investment market that has awakened from a three-year slumber.
My hunch is that with the new year, a lot of folks decided it’s time to get back to the business of investing (selling, buying and lending) despite the many dark clouds and uncertainties that will have an effect on our industry including: the new Financial Regs, ongoing changes to the proposed FASB rules, Africa\Middle East unrest, possible commodities bubble, huge amount of CMBS loans coming due and bifurcated real estate fundamentals. With so much up in the air it’s hard to know what the near term future will look like.
Nevertheless, capital is pouring into the real estate markets and the investment industry is busy figuring out how to put that capital to use, even in these uncertain times.
It’s good to be busy, just wish I had a bit more time to spend with the kids!