RE Execs See Higher Profits in '07

A majority of senior executives and board members of companies in real estate and related industries -- with the notable exception of homebuilders -- expect revenue growth and higher profits in 2007, according to a report by FPL Advisory Group, Chicago.Based on interviews and surveys of more than 150 chief executive officers, presidents, board members, and other senior executives, the report is the first of its kind to assess the views of such real estate leaders on strategic, financial, and organizational issues, the company said. Among the key findings are that "it's all about finding deals and making sure you have the right people to execute and manage them"; global expansion will be a key source of growth for companies in many RE-related sectors; and a search for appropriate investment opportunities is the top financial challenge for a majority of respondents. Unlike the executives in most sectors, homebuilders predict a decline in revenue and profitability this year. FPL, a provider of specialized advisory services to RE-related industries, can be found online at http://www.fpladvisorygroup.com.