Prime US Reit seeking assets in growing job markets
Its CEO says US Class-A office supply is still limited and some sectors are increasing jobs, so vacancy rates remain stable and the market is resilient
FOR property veteran Barbara Cambon, buildings are not just a heap of bricks and concrete. Instead, they are dynamic structures where people learn, work, play and dream.
"Real estate is viewed as solid structures, but we must also understand the dynamism and diversity that goes on within these physical assets, and how they can meet the constantly evolving needs of their occupants," said the chief executive officer of the manager of SGX-listed Prime US Reit (Prime).
Ms Cambon, who began her real estate career in the early 1980s, is no stranger to forces of transformation within the industry. "The way that tenants use our buildings will continue to change, as will the type and nature of the tenants who want to use our buildings," she added.
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