Values will remain high due to the low interest rate environment and the high levels of equity looking for investments. Shopping centers in secondary markets offers the lowest risk opportunity in today’s market.
New York, NY (PRWEB) March 10, 2015
The Ivy Family Office Network hosted its February 2015 Family Office and Private Investors Outlook Forum in New York, NY on February 10th. Andy Weiner, Managing Director of RockStep Capital, led a panel discussion on “Real Estate Credit Strategies”
Weiner commented, “Values will remain high due to the low interest rate environment and the high levels of equity looking for investments. Values have continued to rise such that cap rates are at historical highs. Shopping centers in secondary markets offers the lowest risk opportunity in today’s market. Acquiring second generation shopping centers at high yields in secondary markets throughout the US is an economic opportunity.
Other speakers on the panel included Jason Hall of CLI Capital, Jerome Sanzo of Industrial and Commercial Bank of China & John Crocker of Snowbridge Advisors.
RockStep Capital is a full service investment firm that uses investor capital to acquire shopping centers in small towns throughout the United States.
Andy Weiner is the President and Founder of RockStep Capital which was founded in 1996. He has built and acquired over 4.5 million square feet of shopping centers throughout the United States. Prior to founding RockStep Capital, Weiner served as Vice President of Operation for Weiner Stores, a chain of 159 family clothing stores with locations in Louisiana, Mississippi, and Texas.
A Stanford University graduate with a degree in Economics and Political Science, Weiner spent his junior year at the London School of Economics. He received his MBA from the University of Texas and complete Harvard’s University’s business program for retailing executives.
RockStep is a full-service small-town shopping center acquisition, development, leasing and management company. Rockstep has purchased or constructed over 20 shopping centers comprising over 3 million square feet of retail. RockStep investors typically enjoy a preferred return (paid quarterly) from the property’s cash flow. Rockstep targets a low double digit internal rate of return over a 5- to 7-year hold using conservative operating and exit assumptions.
About The Ivy Family Office Network Forum
The Ivy Family Office Network Forum, IvyFON, features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions. IvyFON, is a leading peer to peer global family office network with several hundred family offices attending events around internationally every year. Some of the more than 2,500 past speakers include most of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds, leading institutional investors, best-in-class asset management professionals, family office subject matter experts and world-class family offices.
The group includes New York City and Los Angeles multi-discipline deal networks including private equity, health care and real estate. More than 25,000 investment, family office and institutional investment professionals have attended forums globally.
For more information on of RockStep Capital contact Andy Weiner at PH 713-623-0188 or e-mail AndyWeiner(at)rockstep.com. For more information on the Ivy Family Office Network, contact us at 646-290-8114 or at ivyfon.com/contact.html.