For investors, there are two main ways to include real estate in their portfolios: Real-estate investment trusts (REITs) and direct investment in real estate. While direct ownership in real estate offers far greater control over the investment and its performance, REITs provide exposure to real estate without actually owning property directly.
With two months until the New Year, 2014 has shaped up to be the best year for Connecticut investment sales since the Great Recession. Over the past months, Northeast Private Client Group has closed a number of multifamily and retail transactions at aggressive values, including:
This is the first of a two-part series on the Hartford-Springfield market. Today, multifamily and other investment properties in the Hartford, CT, market are trading more actively for the first time since the end of the recession. Part of this uptick is attributable to the higher returns that investors are seeing in secondary and tertiary markets. In fact, capitalization rates for multifamily properties in Hartford are typically 250 to 300 basis points above those for similar properties in other Connecticut cities, and up to 500 basis points above Boston and New York multifamily. While the cash returns for Hartford investors are higher than most, there is also renewed economic activity that should result in greater demand and rent growth for Hartford multifamily and commercial assets.
First delivered by Albert E.N. Gray at a life insurance convention in 1940, “The Common Denominator of Success” holds a very powerful message for any sales professional or anyone seeking success in their professional, personal or spiritual lives. It’s actually as true as it sounds and just as simple as it seems:
“The common denominator of success — the secret of success of every man who has ever been successful — lies in the fact that he formed the habit of doing things that failures don’t like to do.”
While improving fundamentals continue to drive a strong recovery in Connecticut’s multifamily sector, most asset classes have not fully recovered from the recent recession in terms of rents and occupancy. Investors in retail, office and industrial properties continue to look for job growth as a leading indicator to a rebound in asset values.