Board meeting poll: Europe
Europe is in, the BRIC countries are out, and there is still upside in core investing. That is a partial synopsis of some of the Quick Tally votes cast by investors, managers and consultants at the spring Editorial Advisory Board meeting of The Institutional Real Estate Letter – Americas.
The participants were resounding in their assessment of Europe, with 84 percent voting that it is time get serious about European investing. Some 70 percent say they are increasing — or planning to increase — their investments in Europe. When asked if equity or debt investing was the right course of action, 69 percent voted in favor of equity, while 31 percent favored debt.
You can bank on a good deal of that European investment being directed at core assets, as 67 percent of meeting attendees said there is still upside in co