June 2016 Issue
BLUEPRINT: When the music stops
After a half-century in the real estate world, Sam Zell has seen – and made billions through – many cycles. PERE's Meghan Morris sits down with the real estate doyen in his Chicago office to discuss his current market outlook and how his businesses are selectively deploying capital.
EUROPE NEWS: Woman of the moment: Audrey Klein
After keeping the industry guessing over her next move, Audrey Klein has spoken exclusively to PERE about her reasons for choosing Valad Europe.
GUEST COMMENTARY What’s in a name
As private equity real estate investing has become increasingly global in nature, a company rebranding made a lot of sense, says Eric Adler, chief executive officer of PGIM Real Estate.
ASIA GUEST COMMENTARY: Understanding Chinese capital
The pessimistic economic and political outlook in China is among the factors prompting a variety of Chinese capital to invest overseas, says Greg Peng, chief executive officer of Cindat Capital
EUROPE NEWS: Tribute from industry friend
Industry colleague Steve Felix pays tribute to Erwin Stouthamer, a man he described as a 'special, humble guy who loved to talk about the real estate world.'
FEATURE: Treasure hunt
Investors are coming up with increasingly innovative ways to get their hands on a core asset in today’s high-priced and competitive global marketplace.
AMERICAS NEWS Time to let go
After shelling out more than $20 million on placement agents, GreenOak founder Sonny Kalsi is ready to wind his firm off of external capital raisers.
EUROZONE: The waiting game
For some private equity real estate investors, postponing deals until after the UK referendum vote is as much about what they stand to gain as what they could potentially lose.
EUROPE NEWS: The price isn’t always right
Despite being outbid by rivals, The Blackstone Group is leading the race to acquire Ireland's second largest shopping center.
FEATURE: The + factor
Core-plus real estate has attracted a large amount of investor capital, but also its fair share of confusion and criticism.
SPECIAL REPORT: The next wave
Thanks to regulatory changes and market conditions, Latin America’s institutional investors are expected to drive an influx of capital into global real estate, with a primary focus on the US.
If These Wall Could Talk: Talk of the town
MSREI’s sale of its 11.7 percent stake in one of London’s most notorious buildings is the latest chapter in its short but checkered life.
STATESIDE: Tailoring the message
Having investor groups from different geographic areas can require targeted marketing, and in some cases, reeducation.
ASIA VIEW: Readying regulation
The real estate industry can rejoice at the South Korean insurance watchdog taking a proactive approach to regulating insurers’ investment programs
EUROPE NEWS: Pradera poaching
Two Pradera senior executives have followed their former boss James Bury and joined Savills Investment Management.
ASIA NEWS: Japanese aftershocks
Japan is expected to face billions of dollars in economic property damages from April’s devastating earthquake despite stringent quake-resistant building codes.
ROUNDTABLE: Flying through turbulence
Economic and political headwinds are making investing in Chinese real estate a difficult journey. Not that it is impossible to chart a less volatile course through one of the world's only remaining growth markets.
SPONSORED FEATURE: Find markets with lasting demand
According to Yardi Systems executives Jeff Adler and Paul Fiorilla, investors new to private real estate investing should consider space over capital demand as they make their first plays.
EUROPE NEWS: Cornering the region
Cornerstone has held a first close on its debut European fund and will start investing in a marketplace with growing competition.
ASIA NEWS: Carlyle ups bets on China
The private equity firm is prepping the launch of a China-focused real estate fund
ASIA NEWS: BlackRock lowers its price
The New York powerhouse has reduced its asking price for Asia Square Tower 1 in Singapore in the latest sign of its challenges to find a buyer for the giant office.
AMERICAS NEWS Better late than never
Houston-based Hines is entering both the senior and student housing markets, well after peers turned the niche strategies into institutionalized asset classes.
ASIA NEWS: After the VAT
A new tax regime could mean short-term uncertainty but longer-term relief for China’s real estate owners.
AMERICAS NEWS A great leap forward
If successful, Colony’s proposed merger with NorthStar would mark another major milestone for the Los Angeles-based firm just a year after going public.
EDITOR'S LETTER: A dazzling big picture
A dazzling big picture Jonathan 2016-06-01 Brasse Let’s indulge in a spot of mixed-metaphors: private real estate investors (both money and management) are like bulls in headlights at the moment. That is a picture being painted by the market and one borne out by statistics. Brokers Cushman &am