NEW YORK – Dec. 8, 2021 –Stephen L. Rabinowitz, co-chair of global law firm Greenberg Traurig’s Real Estate Practice, participated as a panelist in PERE’s US Roundtable Sept. 27.
The panelists framed their discussions around COVID-19, noting that there is currently high activity in the U.S. private real estate market as investors show interest. However, the increased demand does not necessarily coincide with a supply of assets to meet it, creating a very competitive market.
“There is a lot of equity capital out there, and not enough great deals for smart investors,” Rabinowitz said at the roundtable.
Other topics discussed included: shifts in real estate investment strategy from office and retail into housing and specialized buildings medical office buildings, investors standardizing, sustainability and environmental impact assessments, the labor shortage, and supply chain disruptions affecting developers.
The roundtable was moderated by PERE senior reporter Kyle Campbell. Other participants included Eric Wurtzebach, senior managing director of Macquarie Infrastructure & Real Assets; Larry Grantham, founder, and chief executive of Calmwater Capital; Larissa Belova, portfolio manager at CBRE Investment Management; and Jim Martell, chief executive of Logistics Property Company.
PERE is a news publication that covers the world’s private real estate markets. For detailed coverage, read Campbell’s article, “Roundtable: The next chapter of the covid era in the US.”
Rabinowitz, based in Greenberg Traurig’s New York office, serves as an adviser to a wide variety of private equity funds, asset managers, developers, and institutional and entrepreneurial investors and operators in the acquisition, financing, development, sale and leasing of all classes of commercial properties including multi-family, office, hospitality, and condominium properties. A significant portion of his practice is devoted to venture formation and engineering sophisticated capital structures.
About Greenberg Traurig’s Real Estate Practice:Greenberg Traurig's Real Estate Practice is a cornerstone of the firm and a recognized leader in the industry. More than 450 real estate attorneys from around the world serve clients from key markets in the United States, Europe, Asia, the Middle East, and Latin America. Property developers, lenders, investment managers, private equity funds, REITs, operators, joint ventures, sovereign wealth funds, international developers, and private owners look to us for diversified and broad legal services. We apply our skills to the full cycle of a real estate deal, providing a holistic approach for our clients.
About Greenberg Traurig’s New York Office: The New York team has deep roots in the community and an abiding commitment to service. Our team includes professionals who have served in elected and staff roles at all levels of federal, state, and local government. Our New York real estate lawyers have led many of the City’s largest and most important projects.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2300 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 25 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 4.0 Certified Plus. Web: www.gtlaw.com