Corrects John Jacobsson's third quote to read, "I can't think of any market in the world that isn't priced to perfection, as it were," instead of "No real estate market in the world is priced to perfection."
NEW YORK (Reuters) - U.S. real estate executives met at Reuters' U.S. headquarters on Monday to talk about trends affecting their companies and industries.
Following are some key quotes from the Reuters Real Estate Summit in New York.
JOHN JACOBSSON, MANAGING PARTNER, APOLLO REAL ESTATE ADVISORS
"There's a flood of capital going into places like India and China ... We decided to focus our attention on India."
"If you reduce the selling space, you recapture space that can be used for other purposes," he said referring to whether Apollo's Lord & Taylor stores were too large and could be scaled back, freeing up valuable real estate.
"I can't think of any market in the world that isn't priced to perfection, as it were. There's no global risk premium left in real estate."
ROBERT SPEYER, SENIOR MANAGING DIRECTOR, TISHMAN SPEYER
"At some point, the pendulum will swing back as the interest rate environment changes and they will be valued more favorably by the (stock) market," he said of the future for U.S. real estate investment trusts (REITs). Continued...
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