The stock market’s recent rollercoaster, with October’s sharp correction followed by a post-midterm election surge, can put the investment community on edge, including commercial real estate investors.
“People who invest in real estate don’t invest in a vacuum,” says Mark Dotzour, a real estate economist who spent 18 years as chief economist of the Real Estate Center at Texas A&M University before opening a private consultancy three years ago.
“They are looking across the whole horizon of investment opportunities, so that includes stocks and bonds, private equity, public REITs, all of that. My belief is that stock and bond market…