Richard Crenian has heard the question… “What is happening in 2016 to the commercial real estate market?” many times this year. There are many evolutions happening in the real estate markets for 2017. There are many speculations about what could occur in our real estate market during 2017. The main question that many investors has is whether it is the right time to buy or sell real estate assets this year. Richard Crenian is here to answer these questions and concerns.

The Main Factors To Look At, According to Richard Crenian

There are several factors that impact the real estate climate, including…

• High stock market prices
• Demand for value investments
• Property prices
• Higher interest rates
• Resurging global and US economy

These factors could bring more demand in commercial real estate assets, however increasing interest rates and asset costs might encourage investors to sell assets, while cap rates are more appealing to some buyers requiring financing.

Richard Crenian: Why Firms are Buying AND Selling

ReDev Properties Ltd. recently made headlines after finalizing the sale of three commercial properties in Edmonton, AB. ReDev’s Founder Richard Crenian also told the press that the company remains cogent on Western Canada, and plans a minimum of four new commercial real estate acquisitions in the region in the first two quarters of 2017.

Should you buy and sell? Richard Crenian’s strategy for its recent exits was buying, adding value, and proving performance. Assets were acquired, renovated and had additional retail space added, or secured new tenants and leases. These became highly attractive assets to funds seeking strong, reliable yields. It was a win-win.