They are, technically, they as a whole, are usually the least sophisticated of the lenders.

Neighborhood has much to do with who will live there.I've had some nicer homes in good areas, that brought well paid and educated tenants, but if they turn out to be jerks, they can be jerks at a more sophisticated level causing as many headaches and problems than some poor late payor.

I think the real change will be that the large PE firms and hedge funds will be able to act faster on deals when they hit the market because they are accustomed to using sophisticated trading systems to determine the value of other investments (including commercial RE) and have tons of cash ready to put to work.

The level of humor sophistication is outstanding!

I just like them to know that I'm referring people)They can work with you on everything from the most basic setup to the most sophisticated multi-server setup.

What changes is people's perception of valuation, risk, etc.

In my IT business we have to get more sophisticated.

This led to a lot of problems, because they accidentally ended up paying MLOs more for loans the more likely they were to default (devil's advocate: they were paying for what "sophisticated" people on Wall Street demanded). 

Your next question is a matter of perception.

Opportunities for operational value-adds are often caused by shifts in the property’s surrounding business climate, an owner that does not have adequate commercial real estate investment sophistication, or an owner that simply does not have the capital necessary to keep up with maintenance and marketing.An example of this was our investment in Village Park at Palatine, a 1977 vintage, 448-unit apartment community in a high-quality suburb of Chicago.