December / January 2009 Issue

There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.

LPs have a duty to dig into the financial health of their fund managers, especially after it emerged that two GPs recently attempted to shift overhead expenses to their funds. PERE Magazine December 2009- January 2010

How a New York multifamily complex became a middle class utopia and a battlefield. PERE magazine December 2009-January 2010 issue

There have been a number of institutional portfolio changes over the last 12 months affecting the real estate allocation. Here is a selection of some of them, beginning with the most recent. PERE magazine December 2009-January 2010 issue

Investors still want real estate in the portfolio for the same reasons as they wanted it before the credit crunch. PERE magazine December 2009-January 2010 issue

The two asset classes share more commonalities than differences, but right now real estate seems to be in a different fashion cycle.

What the sale of 13 assets by the Royal Bank of Scotland to Rockspring says about nationalised British banks’ dealings with private equity real estate. PERE Magazine December 2009- January 2010 issue

Connecticut-based Cornerstone Real Estate Advisors was relatively unheard of in Europe until it acquired Protego Real Estate Investors. PERE Magazine December 2009- January 2010 issue

The firm founded by Sam Kaneko brought a very un-Japanese style of investment to Asia’s largest market. This allowed daVinci to grow into Japan’s largest private equity real estate firm but, according to market insiders, was partly to blame for the dire problems the firm faces today. PERE magazine, Dec 2009-Jan 2010 issue

Why a proposed housing bill in India could scare off institutional investors as easily as attract them. PERE Magazine December 2009- January 2010 issue

London-based property fund manager Grosvenor is currently considering reducing the amount of GP co-investment capital it commits to new funds from 10% to 5%. PERE Magazine December 2009 - January 2010 issue

The seeds of China’s first renminbi-denominated private equity funds managed by international firms have taken root. While real estate funds denominated locally are sure to follow suit, it is likely to be a slow, cautious process. PERE Magazine December 2009- January 2010 issue

Marathon Asset Management is the latest manager to hold a first close on its PPIP fund. PERE Magazine December 2009-January 2010 issue.

Restructuring firm AlixPartners has hit the headlines recently for its work with Dubai World and General Growth Properties. Real estate, the firm believes, will be a growing part of its future business. Zoe Hughes speaks to the man charged with helping build that platform. PERE MAGAZINE December 2009- January 2010 issue.

Hawkeye Partners is eyeing a second fund as it looks to provide investment capital for new private equity real estate managers. PERE Magazine December 2009- January 2010 issue.

Ladder Capital postponed plans for a partial blind-pool REIT after institutional investor appetite waned in September. CEO Brian Harris tells Zoe Hughes the firm will look to the public markets again as Ladder plans to take advantage of a ‘permanent change’ in the US lending community. PERE Magazine December 2009- January 2010

The developer has a budding side-career as a joke teller. PERE magazine December 2008-January 2010 issue.

Lachlan Murdoch is experiencing no housing recession. PERE magazine December 2008-January 2010 issue.

The reluctant owner of a Vegas casino development has struck … water. PERE magazine December 2008-January 2010 issue.