The Money Talks: Notes from the Spring Editorial Board Meeting
The 2011 Spring Editorial Advisory Board Meeting of The Institutional Real Estate Letter -– North America convened in mid-April in San Diego, where members gathered to discuss the challenges and opportunities in today’s institutional real estate investment marketplace. “The money” at this year’s meeting — the institutional investor members of the board who collectively represent $108 billion in real estate assets — spoke candidly about their real estate portfolios, their outlook on market fundamentals and the industry best practices they’re trying to implement. Their comments, along with comments from the real estate managers and consultants on the board, painted a view of the current conditions of institutional investing in commercial real estate. The consensus: Investors, managers and consultants alike plan to be ready should another global recession strike.
At the annual board meeting one year ago, most attendees were assessing what went wrong duri