May 2014 Issue
STATESIDE: Playing to the crowd
Crowdfunding is starting to catch on with smaller real estate managers and investors, but it’s unlikely to take hold with the industry at large anytime soon. PERE Magazine May 2014 issue.
Separate ways
The uptick in cross-border capital flow and demand for greater control has led to more separate account mandates, with LaSalle and CBRE among the beneficiaries. PERE Magazine, May 2014 issue
PERE 50: The new world order
The elimination of the last remaining funds raised prior to the fall of Lehman has resulted in a complete makeover of the firms comprising the PERE 50 ranking
EUROZONE: Don’t hire for the Rolodex
In Europe, a new breed of powerful advisor selling non-core real estate assets on behalf of banks and other financial institutions has cornered the market.
EUROPE NEWS: Valued opinions
INREV has just updated its guidelines on valuations for private equity real estate fund managers, which were last refreshed in 2008. The issue remains a thorny one for some. Plus, expert commentary.
EUROPE NEWS: The go-to guys
In Europe, a new breed of powerful advisor selling non-core real estate assets on behalf of banks and other financial institutions has cornered the market
EUROPE NEWS: In demand
It’s official: Europe is the hottest private real estate region on the planet
Cuckoo for co-invests
Co-investments have been a big capital-raising draw in private equity real estate in recent months – and that is both good and bad news for commingled funds. PERE Magazine May 2014 issue.
CHINA ROUNDTABLE: Rolling with the punches
China’s economy is entering a critical stage as the government phases out its guarantee for struggling developers and real estate projects. Investors, however, believe the government still has their backs. PERE Magazine, May 2014 issue. Sponsors: CITIC Capital Gaw Capital Partners Macquarie Capital
BLUEPRINT: Follow the leader
In just a few short years, Australia’s Future Fund has delivered enviable results from global property markets, thereby establishing a new investment paradigm that is being adopted by other institutional investors. PERE Magazine May 2014 issue.
ASIAVIEW: At what price change
The decision by Harvest Real Estate Investments’ shareholders to focus on outbound capital only has been costly. PERE Magazine May 2014 issue.
ASIA NEWS: Overweight, but measured
The State Oil Fund of Azerbaijan tells PERE how its $447 million acquisition in Seoul was worth the portfolio concentration risk. PERE Magazine May 2014 issue.
ASIA NEWS: Tender loving care
Gaw Capital and Partners Group have bought Pacific Century Place in China’s biggest single-asset transaction. Now, the hard work begins. PERE Magazine May 2014 issue.
ASIA NEWS: Sumi wrestler
Sumitomo Mitsui Banking might be best known for its real estate lending, but it now is taking on equity investments in property, including overseas fund commitments. Here, the bank’s general manager of real estate finance, Yasumasa Kai, explains why. PERE Magazine May 2014 issue.
AMERICAS NEWS: The art of investing
The chief investment officer of the Florida State Board of Administration explains the pension plan’s recent acquisition of 1370 Broadway in New York, as well as the challenges of buying core US real estate. PERE Magazine May 2014 issue.
AMERICAS NEWS: Shifting gears
LaSalle has ended its efforts to raise capital from Mexico’s pension plans, focusing instead on its traditional base of investors. PERE Magazine May 2014 issue.
AMERICAS NEWS: A fee-fighting strategy
Mass PRIM is turning to co-investments and direct joint ventures in an attempt to cut cost. PERE Magazine May 2014 issue.
FEATURE: A tangled web
Lone Star’s acquisition of Europe’s largest commercial property earlier this year brought to an end a saga that began with Lehman’s bankruptcy in late 2008 and had a major impact on the French legal system.