Cleveland Beating Bay Area at Real Estate Game Too

Cleveland beats out San Francisco once again.
Publish date:

The Cleveland Cavaliers beat the Golden State Warriors in the NBA Championship. And now it looks like they are beating them in the real estate game as well. 'When you look at the fundamentals in Cleveland versus the Bay area they are actually stronger in Cleveland in the sense that the absorption of units has been stronger relative to the new supply,' said Jean-Michel Wasterlain, co-CEO of Capfundr. Wasterlain added that Bay Area real estate is not poised for a fall, it's just that they have 'maxed out their growth'. Wasterlain previously was the CEO of ORIX Capital Markets, the U.S. real estate and structured finance business of a large Japanese finance company, and Chief Investment Officer of NorthStar Realty Finance (NRF) , a public REIT with a $20 billion portfolio of diversified real estate investments. Capfundr offers investors exposure to real estate funds thereby eliminating the need to go through brokers or pay their fees.