Fidelity Fund Manager Expects Real Estate Values to Remain Stable

Mark Snyderman, fund manager at Fidelity Investments, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Snyderman manages the Fidelity Real Estate Income Fund, which invests in a mix of common stocks, preferred stocks, bonds and commercial mortgage-backed securities.

Commercial property values have enjoyed a “tremendous run” in recent years and will probably remain stable at this point, Snyderman observed. He noted that supply and demand are in “reasonable balance overall,” while valuation levels are “fair.”

Looking to 2017, Snyderman said one question he will consider is whether the demand picture is changing, based on the political landscape. However, Snyderman stressed that he takes a long-term view on fundamentals of about three to five years.

“We always want to see how things shift for the longer haul,” he said.