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Brown: Heading to Period Where CRE Demand Exceeds Supply

06/28/2010 | By REIT.com

Steve Brown, portfolio manager for American Century Investments, spoke with REIT.com's Matt Bechard during REITWeek 2010 about the REIT capital markets and investment prospects going forward.

Brown said the capital markets remain healthy and that he expects looming debt maturities to be dealt with effectively by public REITs.

A positive trend he foresees taking shape in 2011 through 2013 is that demand for commercial real estate space will begin to far outweight the available supply, which has been reduced through the economic slowdown.

That has made Brown a believer that public REITs are superior to other forms of commercial real estate investment.

"They have better management teams, better assets, better balance sheets and better governance," Brown said. "That is the place to be going forward if you want to invest in real estate."