Sep
27
DLA Report: Real Estate Investment Remains Attractive
ByIn an interview with Eastdil Secured CEO Roy March, keynote speaker William Ackman, CEO of Pershing Square Capital Management, offered attendees a glimpse into the thinking of a hedge fund manager.
William Ackman sees plenty of opportunity for returns in real estate today. That was his observation during the kickoff to the annual DLA Piper Global Real Estate Summit, which took place yesterday in Chicago.
The CEO of Pershing Square Capital Management was interviewed by Eastdil Secured CEO Roy March, who said he savored the chance to learn the thinking of a hedge fund manager. Asked whether today is a better time or worse time for hedge funds, Ackman seemed to favor the former. “This is a very benign economic environment, with low interest rates, low unemployment, low inflation,” he said. “And opportunities for returns in real estate make it one of the very best places to invest.”
Ackman said his company seeks very high-quality businesses, including real estate portfolios that are stable and whose futures can be predicted. “And we look for companies that have underperformed their potential, and where there are hidden assets,” he said…
