Greg Genovese of Thompson National Properties tells CNBC that commercial real estate is near a...


Greg Genovese of Thompson National Properties tells CNBC that commercial real estate is near a bottom and it's an "opportunistic time" to invest carefully in the sector - in contrast to the consensus view that it's the next shoe to drop in a deleveraging economy. (ETFs: FIO, RTL)

Comments (2)
  • Archman Investor
    , contributor
    Comments (3373) | Send Message
     
    <<COMPANY OVERVIEW

     

    Thompson National Properties, LLC, is a forward-thinking Delaware limited liability company that specializes in providing value-added real estate investment opportunities and asset management to high net worth domestic, foreign and institutional investors.>>

     

    What the hell does anyone thing that Mr. Genovese is going to say?

     

    That commercial real estate is bad?
    That if you drive thru any town, city, or even most popular town across the nation you can see store after store, building after building, with for sale or vacancy signs because things are looking up?
    That in NYC there is more real estate for rent right now because of lack of demand than any time in history?
    That private investors, who I talk to being in the field of Architecture/ housing and real estate tell me that THANK GOD, they did not invest or buy commercial real estate a few years ago and would not touch it with a 1000 foot pole right now?

     

    This is a classic example of someone who is telling people what they want to hear, rather than what they need to hear. It truly is outright comical but it just goes to show you how those who thrive on deception will say anything to make their money.
    28 Jan 2010, 05:42 PM Reply Like
  • Northern Dancer
    , contributor
    Comments (733) | Send Message
     
    Mr. Genovese is looking at the market through the rose colored glasses of a completely lost realtor. He either has to be completely unaware of anything remotely related to economics, or he thinks that he can single handedly save the world by talking up the markets. I've got a hunch it's the former.... a case of ignorance is bliss. I mean what the hell is this guy thinking?
    28 Jan 2010, 06:16 PM Reply Like
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