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Gramercy Property Trust Inc. Message Board

  • js291955 js291955 Nov 10, 2013 6:24 AM Flag

    Jeffrey Kolitch, portfolio manager of the No. 1 ranked Morningstar real estate fund says:

    Jeffrey Kolitch, portfolio manager of the No. 1–ranked Morningstar real estate fund year-to-date, the Baron Real Estate Institutional Fund—which has returned 20 percent this year, said many of the key conditions that are supportive to real estate are in place. Those conditions include improving demand for both commercial and residential real estate—due to rising occupancies and rents, limited construction activity and supply, improving credit conditions for commercial and residential properties and, even if rising, low interest rates. "Real estate performs well when those ingredients are all in place. We are in the midst of a multiyear real estate recovery with a promising outlook," he said.

    Sentiment: Strong Buy

24.00+0.30(+1.27%)11:49 AMEST