CRE Is Still Attractive for Investors, Says Black Creek CEO Dhanda
The real estate investment manager has continued to bet on new acquisitions amidst the pandemic.
September 21, 2020 | John Egan | National Real Estate Investor
The coronavirus pandemic may have kept some commercial real estate investors largely on the sidelines, but real estate investment manager Black Creek Group LLC has unquestionably taken the field.
In the first half of 2020, the Denver-based firm raised $1.1 billion in capital, purchased 5.7 million sq. ft. of property—primarily industrial space—and rented out 3.6 million sq. ft. of space. Black Creek Group specializes in industrial, multifamily, office and retail. Industrial, of course, is riding the current e-commerce wave, while multifamily is exhibiting signs of weakness, and the office and retail sectors continue to grapple with pandemic-inflicted woes.
The unevenness of the performance of those four sectors appears not to rattle Black Creek Group, though.
