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Continuing U.S. Economic Expansion Tempts More Capital Into CRE  

Led by multifamily and industrial investments and buoyed by a 44% increase in hotel sales, U.S. commercial real estate transaction volume exceeded expectations in the first half of the year, according to research by JLL Capital Markets. Closed purchases increased 3.4% to reach $194.9 billion H1.

JLL’s Sean Coghlan says, “As the cycle continues to press on, investors are displaying appetite for the commercial real estate sector. Pockets of the market are seeing exceptional manifestations of liquidity with investors in pursuit of scale and market share. With the economic outlook and commercial real estate fundamentals remaining favorable, we now expect volumes to be down just 5% year-over-year.”

The strong first half showing means that transaction volume for 2018 is likely to be higher than many observers expected at the beginning of the year. Transaction volume last year was down 8% over 2016.

Among other JLL findings:
– investors continue to raise more funds allocated to real estate
– it is becoming increasingly difficult to deploy capital in what has become a lower-yielding market overall
– multifamily assets continued to be the most popular, with $66.2 billion in transaction volume
– multifamily sector experienced a more than 10% increase in transaction activity H1
– hotel sector saw the highest growth rate in liquidity, at 44%
– industrial assets saw an 18.3% increase in transaction activity, with $30.5 billion traded
– office assets saw $54.4 billion in transactions, representing a year-over-year decrease of 12.9%

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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