Joel Beam, managing director at Salient Partners, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
According to Beam, volatility has been the dominant theme for REITs in the first half of 2016.
“Volatility really has been the story from our point of view, and I think it’s really what gives investment managers that challenge of staying steady at the wheel,” he said.
Looking to the second half, Beam said he will be focused on “the landscape of returns.”
“If that landscape shifts, it will introduce more volatility into our space and throughout the whole investment market,” Beam noted.
Meanwhile, Beam said November’s general election is not impacting his view of the market. “Whatever the outcome, we’ll have a peaceful transition of executive power,” he stressed.