Executive Q&A: How Trump Win May Impact CRE Investment
By
David Rifkind, Principal & Managing Director of George Smith Partners
Los Angeles—The 2016 presidential election generated shock waves around the world with the surprise victory of Donald Trump. When election results started pouring in on Nov. 8, investor uncertainty led global stock markets to drop, with Dow futures down as much as 900 points on Tuesday night. But once the initial surprise wore off, with Dow futures down about 300 points by early Wednesday morning and bouncing back into positive territory, it seemed the markets largely went back to normal as investors began adjusting to the news. Investors are still concerned about the unknown surrounding the new administration, but currently strong fundamentals seem hard to nudge. Ultimately, it’s too early to tell how the capital markets will respond.
Commercial Property Executive talked to David Rifkind, principal & managing director of George Smith Partners, about the possible effects of the Donald Trump presidency on the capital markets, regulations, foreign investment and more…
