There is plenty of opportunity in commercial real estate and REITs now, says Host Hotels & Resorts President and CEO Ed Walter, who is the new chair of NAREIT. In large part this is due to the robust debt and equity markets, he says. "Admittedly, cap rates are lower, and part of the reason for that is we have both an optimistic outlook on growth and an abundance of capital. When you look at CRE pricing compared to alternate investments, there's a pretty healthy premium."