Brexit Making Continental Real Estate More Attractive Than U.K., Fund Manager Says

Steve Shigekawa

Steve Shigekawa, managing director with Neuberger Berman, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Shigekawa leads the Neuberger Berman Global Real Estate Securities Group.

Shigekawa discussed the impact of  the United Kingdom’s upcoming referendum regarding membership in the European Union and what it means for property markets in both England and on the Continent in Europe.

“The U.K. referendum has definitely added uncertainty to the market,” Shigekawa said. “It has made property companies on the Continent relatively more attractive than ones in the U.K.”

Shigekawa offered his thoughts on other potential fault lines in international real estate investment. He also talked about his opinion on the U.S. real estate market versus global markets in the second half of 2016.