Secondary Real Estate Markets are Worth a Second Look


Matthew Cypher’s (@MatthewCypher) recent article for Urban Land Magazine entitled “The Risk and Reward of Investing in Secondary Markets” argues that while “gateway markets” (Boston, New York City, Washington, D.C., Los Angeles, San Francisco and Chicago) are generating substantial competition for sought after properties, the secondary markets are worth a hard look as an opportunity to locate value and respectable investment returns.

Motivated local governments are increasingly interested in streamlining the approval process, and even willing to consider economic incentives, for new-job generating economic development. Secondary (and even tertiary) markets, with motivated local government partners, may reduce entitlement risk and offer diversity to a balanced real estate portfolio.

Topics:  Real Estate Investments, Real Estate Market, Secondary Markets

Published In: Finance & Banking Updates, Commercial Real Estate Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Best Best & Krieger LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »