REIMs May Cool to Euro Investors as AIFMD Takes Effect
February 2, 2015 — An unprecedented amount of foreign capital is focused on U.S. real estate markets, and it’s coming from every region of the world. People are paying the most attention to money from countries with no strong history of heavy investment, such as China, Korea and Middle Eastern countries. Also high on the list are Canada and Australia, two countries where investors have been active in the U.S. for many years.
A Look Back at 2014 and Forward to 2015: Enjoy the Good Times While They Last
December 22, 2014 — This is the season when many of us reflect back on the past year and consider what the next 12 months may bring to our market, our companies and our clients. This year, taking stock is a mostly pleasant experience, since 2014 was a stellar year for investors and their advisors, and there’s no obvious reason why the good times shouldn’t extend through 2015.
Transparency May Be a Challenge, But Investor Trust Is a Worthy Goal
November 20, 2014 — Real estate investment managers are under pressure to disclose fees and expenses to investors in greater detail than ever before. Transparency is good for our industry. But how much disclosure is enough—and how much is too much—in a sector with extremely active asset management and a history of long-term relationships between investors and managers?
CMBS Delinquencies Are Still on the Mend
October 21, 2014 — As 2014 CMBS issuance volume appears on track to break last year’s post-recession record, it’s worth remembering that we’re still digging out from the last big wave of issuance.
Seeking Balance Between Capital Supply and Space Demand
August 28, 2014 — The U.S. commercial property market is facing an unprecedented wave of investment capital that portends increased competition for existing properties and capital for new development. That bodes well for the commercial real estate sector in the next few years. But as investors ride the rising tide of property values, it’s important to remember that waves eventually crash, and can wipe out the unwary.