By Bill Jeansonne, CCIM, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate | August 8, 2016
Ok, so south Louisiana may not follow the national trend, we may trail. However, real estate investors may look twice at a recent article by Mark Heschmeyer in CoStar News titled “CRE Investors Experiencing Deja vu in Search for Yield.” The article is subtitled: “Market Still Shows Upward Momentum but Narrowing Returns – Sound Familiar? It should. We heard it in 2007.”
Here are a couple of quotes:
“We’re hearing similar talk again this year (as we did in 2007) as investors search for opportunities at a time when asset appreciation is harder to come by.”
“Already this year, they (investors) seem to have made some decisions. We looked at what investors were buying in the first half of 2007 vs. the first half of 2016. And, today’s investors are targeting completely different property types than previously.”
“For current holders of properties, current conditions offer an exit strategy for those who bought into a secondary market and did not take advantage of peak pricing at the end of the last cycle.”
We’ve seen it before and we’ll see it again – will we know it when we see it?
Bill Jeansonne, a native of Alexandria, Louisiana, received both his undergraduate degree and master’s in business administration (MBA) from Louisiana State University (LSU). Bill has 18 years experience in the commercial and industrial real estate business and 14 years experience in commercial and industrial warehouse design and sale of handling equipment. His specializations include commercial and industrial development, brokerage, and leasing, as well as lease negotiations and tenant build outs.
A Designee member of the Certified Commercial Investment Member Institute (CCIM), Bill’s professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU MBA Alumni Association, a founding member of the board of managers for the Louisiana Commercial Data Base (LACDB), a member of Louisiana REALTORS® (LR), a member of the National Association of REALTORS® (NAR), and a member of the International Council of Shopping Centers (ICSC). Bill has also served as a president of CID, a chairman of the CID Trends Program, a chairman of the LSU MBA Alumni Association Louisiana Looking Up Program, and on the Baton Rouge Area Chamber (BRAC) Trends committee. His current civic affiliations and past service include board chairman of the Baton Rouge Speech and Hearing Foundation and president of the Capitol SERTOMA Club of Baton Rouge. He is currently a member of the Cadets of the Ole War Skule, an alumnus of Omicron Delta Kappa (OΔK), and a member of the Lakeshore Lions Club.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
