For its part, Equity wanted to «own an irreplaceable portfolio of high - quality assets in the nation's high -
barrier coastal markets,» says Neithercut.
Not exact matches
BXMT continues to focus direct origination efforts on
coastal markets with dynamic demand and high
barriers to entry, where the entire Blackstone real estate platform has had great success.
AvalonBay wanted «to more deeply penetrate our high -
barrier - to - entry core
coastal markets,» says Tim Naughton, president and CEO of AvalonBay.
That puts more of a premium on REITs operating in
markets with high
barriers to entry — typically found in
coastal markets — that have tenants paying below -
market rents on leases made during the last recession.