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- July 2010: Vol. 22 No. 7

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Managers Take More Write-Downs: Capital Depreciation Slows, Markets Show Signs of Recovery

by Larry Gray

Real estate investment managers around the globe continue to suffer from adverse conditions in the financial markets and property markets, although there are some rays of sunshine starting to emerge through the dark clouds. Property indices in Europe and the United States are reporting shrinking levels of depreciation in most markets. Most Asian economies are registering strong growth, while the United States and many European economies are on the upswing.

For many investment managers, however, it’s still a work in progress as they battle through the deleveraging process and continue to take write-downs on assets. These trends are reflected in the findings of a recent global survey of real estate investment managers conducted by Feri Property Funds Research— a research and information firm and the U.K. branch of Feri EuroRating Services AG — in association with

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