Investors are Turning to Secondary Markets & Alternative Assets
LEHI, UT, March 6, 2019 —
According to CBRE's 2019 Americas Investor Intentions Survey, investors are recognizing peak levels in prime locations for the most common asset types, so general investment sentiment is signalling A) pursue secondary markets and B) turn to alternative assets.
Secondary markets across the United States have experienced a simultaneous influx of migration and investment, further increasing demand and changing the perspective in these markets since the last recession. Denver, Orlando, Nashville, Minneapolis/St. Paul and Las Vegas have all climbed in ranking for the last three consecutive years, further signaling an increase in demand for these Tier !I and Tier !!! markets (see chart below).
This same survey also indicated that 40% of respondents have turned their attention to real estate alternatives. Niche markets, such as Self-Storage, Senior Housing, and Student Housing, have claimed top choice among investors, with nearly 30% indicating interest in these markets.
GDP stands at the forefront of both topics discussed in the full article. With an added focus on Tier II and Tier III markets, and a focus on Self-Storage Development, GDP's Projects continue to call attention to investors and create value in markets nationwide.