The Rodney Dangerfield of real estate

Which brings up the market for household living quarters, in which Bergsman expects excess product to be absorbed -- given time.

Bergsman sees multi-family as a "the Rodney Dangerfield of real estate," with little volatility, low risk and moderate returns. He is enthusiastic about apartments in the next decade with growth in demand for rentals.

"Even if the current capital malaise hangs about longer than expected, by the early years of the next decade the economy should be on the mend. It will happen at a fortuitous time for multi-family," Bergsman predicts. "Demographically, the eco-boomers, children of the baby boomers, a large cohort, will be entering the market in a major way. In addition, strong immigration is expected to continue."