Named to the prestigious Inc. 5000 list as one of the fastest growing real estate firms in the Northeast, 2016 was a banner year for Northeast Private Client Group (Northeast PCG). With investment properties in Boston and New York City transacting at record highs, investors were driven to explore opportunities in neighboring submarkets where there was opportunity to add value, reposition assets and maximize returns.
With cap rates at rock bottom and interest rates rising, many investors believe we are at or beyond the peak of the current market cycle. Add a resurgent stock market to the mix and investors may see more attractive yield alternatives beyond real estate. That said, opportunity still exists to add value and grow rents in selected Class-B and Class-C assets throughout the Northeast. In 2017 we will be hosting a series of investor workshops in New York, Boston, New Haven and Hartford/Springfield to address these issues and more.