BMO Capital bullish on industrial, multifamily

12/1/2009 | REIT.com

Industrial and multifamily are property sectors being highly recommended by BMO Capital Markets to clients. Paul Adornato, a REIT analyst with BMO Capital, said industrial properties offer the promise of a fast rebound. "Industrial tends to be relatively short in terms of its cyclicality," he said. "So as soon as the economy starts to show signs of life, we think industrial could reverse." Multifamily is similarly situated, BMO REIT analyst Richard Anderson said. The apartment sector looks like it is going to have "negative supply growth" in 2011 and 2012, he said.

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