Exclusive results from the third quarter NREI / Marcus & Millichap Investor Sentiment Survey show that after peaking at a high of 187 in the fourth quarter of 2014, the Investor Sentiment Index has pulled back to 162 in the current survey [Figure 1]. “I think we’re entering a more balanced environment where investor optimism has eased back and they are evaluating acquisitions and dispositions more carefully,” says John Chang, first vice president of research services at Marcus & Millichap.
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