Continuing the volatility trend of 2013 into 2014, the Asia Pacific region witnessed major price movement in January, once again to the negative, as many markets continued to sell off during the month. As a result, according to SNL Financial, Asia Pacific real estate stocks ended the month down 5.3 percent, which also helped drive global real estate stocks down as well, but to a slightly lesser degree of –1.7 percent. Notably, January marks the third month in a row that the Asia Pacific region posted negative returns. Asia Pacific real estate stocks are now off 9.3 percent since the end of October 2013, with regional returns denominated back to US dollars and country returns in local currency. However, in a slight twist to much of 2013, global real estate regions did not move in lockstep as the real estate markets with more insulation from emerging markets (the United States and Europe) benefited from a flight to sa