Jeff Erxleben joins panel at MBA CREF Conference and Expo in San Diego
MINNEAPOLIS, MINNESOTA (February 16, 2022) - Jeff Erxleben, president - debt/equity, participated on a panel at the recently held MBA CREF Finance Conference and Expo in San Diego, California on February 14. The breakout session, titled "What Comes Next? Industry Future Perspectives," covered how economic growth ramped up following the lockdown, and the proceeding inflation and risk. The panel also reviewed uncertainties surrounding the post-pandemic commercial real estate sector that remain in focus.
Head of Commercial Real Estate Economics for Moody's Analytics, Victor Calanog, Ph.D., CRE, FRICS, served as speaker. Erxleben was joined by two other panelists: Charles Ostroff, senior vice president and multifamily chief credit officer - Fannie Mae, and Angela Mago, president - Key Commercial Bank, Key Commercial Bank & Real Estate Capital, KeyCorp.
During the presentation, Erxleben noted that there is still a ton of cash available looking for a home, but there are only so many multifamily and industrial deals to go around. "I think there are actually some good opportunities in both retail and office," he said. "That wall of cash is looking for multifamily, but there are other opportunities out there. I don't see that slowing down."
From the standpoint of construction, Erxleben noted that costs are going up. "It isn't easier to build anything due to supply chain issues, so I think it will be like last year. From an affordability perspective, things aren't getting any cheaper so rental can be a good path for folks."
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