Uncertainty about when the Federal Reserve will begin to consider raising interest rates is a continued distraction, but the U.S. does have some bright spots like real estate and housing, panelists at the Milken Institute Global Conference said Tuesday.
“Real estate represents a very attractive asset in 2015,” said William Kahane, co-founder of AR Capital. “The fundamentals in our business have rebounded,” particularly in the apartment sector, while heath care “is and will remain, we believe, the fast juggernaut based on demographics.”
John Danhakl, managing partner of private equity firm Leonard Green & Partners, said he expects home building and residential housing “to be adding more to GDP than it is now.” Mr. Dankahl criticized mortgage lenders for “not giving out enough mortgages,” but added that, “as you get more certainty, more clarity from the regulators, I think you are going to see some more REITs and other people coming in. “