Savariego of Meridian Capital Group: The market is strong

Name: Tal Savariego Title: Vice President Company/Firm: Meridian Capital Group Year Founded: 1991 Years in real estate industry: 10 Telephone: (212) 612-3600 Email: [email protected] URL: www.meridiancapital.com Twitter: @meridiancapllc Facebook: N/A Real Estate Associations/Affiliations: ICSC What are your expectations for the ICSC NY conference this year? I expect record turnout and a general excitement that will match the level of ICSC Vegas this year. The market is strong and there is exciting buzz for leasing and investment. Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them? Investors are having trouble finding properties to purchase at reasonable valuations. The market is flooded with liquidity and real estate, and like other alternative investments, is experiencing a general bullishness that is lowering cap rates limiting potential going-in returns.