2011 Economic Indicators Positive for Industrial Properties, Assisted Living Care Facilities, says NAI Realvest Chairman

 ORLANDO, FL. --- The economy appears to be improving slowly, if steadily in 2011, and some sectors of the commercial real estate industry are showing signs they may break out in the lead, says longtime investment analyst George Livingston (top right photo), chairman of NAI Realvest in Maitland.

 Citing a recent story in the National Real Estate Investor magazine, Livingston said “The volume of deals in the commercial real estate industry is up, and that’s good for the brokers.

“Many of those deals will be for distressed and foreclosed properties so the news is mixed for property owners, lenders and end users,” he added.

Industry growth depends almost wholly on job growth, Livingston explained, and substantial employment increases will require some real economic growth.

“On the whole, the economy appears positive for 2011. It won’t grow as fast as we would like but it appears we may have turned the corner of the recession,” he said.

“Two factors are volatile,” Livingston said. “And that will cause some investors to pay much more attention to their acquisitions.”

 Livingston said recent analyzes in National Real Estate Investor magazine indicate that investors may be altering their strategy slightly.

“Investors are seeking properties that offer higher yields,” Livingston said. “That means locations besides gateway cities where property values are lower but growth prospects are no worse than more urban areas,” he said.

Livingston said he expects industrial property absorption will grow in 2011. “The trend is there, and industrial absorption should be positive in 2011,” he said.

Adult living facilities — independent and assisted living and memory care projects — will see some of the sharpest growth trends in 2011.

“Adult living facilities are already seeing high demand,” Livingston said. “We are right on the cusp of the baby boomers’ retirement, and many of them are seeking secure facilities for their parents,” he said.

 For more information,  contact: 

George Livingston, Chairman NAI Realvest 407-875-9989; glivingston@realvest.com;

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com