Ross Prindle, managing director and global head of the Real Estate Advisory Group at Duff & Phelps, a Kroll Business, participated in a video interview in conjunction with Nareit’s REITworld: 2021 Annual Conference.
Prindle discussed some of the main ways in which the real estate market changed since the COVID-19 pandemic, including the sectors that suffered and those that prospered. He noted that every corporation is looking at their office footprint. As a result, “a lot of Investors are shying away from office acquisitions at this point so they can figure out what that income model is going to look like in the future,” he said.
As for REIT valuations over the next 12-18 months, Prindle noted that cash is still coming into the market, including overseas investment. REITs that concentrate on the best performing areas of real estate, like grocery-anchored shopping centers, or industrial, will do well, he said.
Meanwhile, Prindle also commented on the rebranding of Duff & Phelps to Kroll Real Estate Advisory Group.