Institutional Real Estate Americas
Institutional Real Estate Americas is a monthly publication for institutional investors in real estate — pension plans, foundations and endowments — and the consultants and real estate investment managers who serve them. With an emphasis on insights and analysis, the publication provides information about the people, events and trends driving this market. Features cover portfolio management, investment strategy and capital flows, with a focus on supporting the staff and investment committee members of public and corporate pension plans, foundations, and endowments. Every issue also contains lists of recent commitments and new fund offerings; people moves and promotions; and news and data about real estate fundraising and investment activity.
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Issues from 2013
December 1, 2013: Vol. 25, Number 11
- Forecast 2014: Threats loom but fundamentals suggest a continuing recovery for the new year
- That's rate news: An improving economy and capital flows help maintain cap rates, even as interest rates rise
- A world of haves and have-nots: Meanwhile, there is a whole lot of jiggling going on
- REITs make mad dash down Wall Street
- Amstar takes big bite out of Turkey
- Flurry of industrial deals buttress property type
- Downside risk and leverage: Risk illusion redux
- Going global: NCREIF partnership launches worldwide index for unlisted real estate funds
- ULI report likes industrial sector, secondary markets
- Property sales post 28% increase for 3Q
- Where America is headed
- Post-crisis aversion to risk may be creating risks of its own
- Real estate standard bearers roll out REFER
November 1, 2013: Vol. 25, Number 10
- Three nations forecast to rule global construction
- New York tops U.S.
- Despite some closures, mall REITs remain strong
- ULI makes hurricane-force recommendations
- U.S. foreclosure rates continue steady drop
- Riding shotgun: Co-investments are a hot item these days, but none more so than the sidecar
- Green day: Once largely a public relations stunt, sustainability has become a financial force in the real estate business
- The money talks: Investors and managers wrestle with persistent issues at fall conclave
- Industrial is a buy: Four reasons it is the property type of the future
- Global investment sentiment: American, Asian investors jumping back into the pool, but water still too chilly for Europeans
- Everyone wants to be in show biz: Institutional investors have two fundamental roles, and they should stick to them
- TIAA-CREF report has three words for investors
October 1, 2013: Vol. 25, Number 9
- A shift in sentiment: Investors leave their angst behind and focus on the future
- Blackstone to take Hilton Hotels back to Wall Street
- Oh, Canada! Your condos are too bountiful
- CMBS delinquency rate keeps dropping
- Major U.S. markets are on the move
- Investors, managers vote on the
- REITs find 2013 is a summer to forget
- South Korean investors expand their horizons
- Super-size me: Investment managers grow larger as they expand their reach and ride a wave of asset appreciation
- Stuck in the middle: Commercial real estate investing in an unequal economy
- Capital punishment: The abuse and misuse of the IRR and NPV
- The REIT wrapper: Standard & Poor
- Let's be clear: You work for me
- The oligarchy: A small number of huge investment managers are starting to rule the business
- Western exposure: A swell of Asian investment dollars is crossing the Pacific and finding a home in the Americas
September 1, 2013: Vol. 25, Number 8
- Open for business: Some open-end funds are awash in capital as investors covet core assets, and even new offerings are attracting substantial interest
- Retail replay: Redevelopment projects have given retail development companies a new lease on financial life
- Buying the farm: Investors are eating up farmland and being rewarded with fat returns
- Missteps: Private equity GPs have failed to evolve and are more often wrong than right when predicting real estate trends in Latin America
- I beg to differ: Consolidation of investment firms will promote inevitable creep toward mediocrity
- Sizing up fund managers: Does today's market reward speed or size?
- Global asset management revenue hits 32 percent
- The need for a common data submission process
- Fundraising activity perks up as mega-funds join the fray
- U.S. single-family housing market gains momentum
- Public plans rack up 12 percent gain during fiscal 2013
- REITs underperform broader equity index in July
- Signs of life for the return of spec development
July 1, 2013: Vol. 25, Number 7
- Interest rates chill fixed-income managers
- Walk this way: Research indicates that investing in
- The rate escape: Quantifying the race between the inevitable rise of interest rates and need for earnings growth
- Advice for the ages: Why assisted living is the most attractive investment opportunity among senior housing alternatives
- Waiting for Godot: Uncalled capital now totals more than $70 billion and counting; what are investors and managers waiting for?
- Tight squeeze: Latin America is on the fast track to urbanization, and that means opportunities (and caveats) for real estate investors
- About performance: It may be a numbers game, but can we rely on numbers? Not really. Here
- Caution: That is the operative word for real estate during 2013
- Mexico drifts into an economic slumber
- Blackstone puts its massive new investment fund to work
- Middle Eastern wealth funds make shift away from West
- REITs move into single-family neighborhoods
- REITs lose momentum in May
June 1, 2013: Vol. 25, Number 6
- Dichotomies: Secondary cities in pursuit of core truths
- Mega-regions: 11 U.S. metropolitan networks are poised to dominate real estate development during the next decade
- By the numbers: Real estate fund indices
- REITs continue to outperform S&P 500 Index
- Real estate titans aim to break open the DC plan market
- Fundraising volume slows after big fourth quarter
- Are investors ready to start booking the hotel sector?
- The smell and consternation of pension reform is in the air
- Projected retail growth robust
- 1Q property sales rise more than 30 percent
- Urban engine: High-density development is key to job growth and sustainability
- AWOL: The economy is coming back, but the people who populate office space are not
- Back for seconds: As yields shrink in gateway markets, secondary cities are finally grabbing attention
- Too much booze and food: Central bank printing presses are rolling fast, bloating the money supply and giving investors a bummer of a buzz
- 2012 ends with buying spree
- Five principles: The role of strategy in getting investments to take off
May 1, 2013: Vol. 25, Number 5
- Golden Geese: Sovereign wealth funds are awash in money, and their penchant for real estate is growing
- Debt side story: Real estate debt funds have swelled with capital and opportunity
- No more manana: There are lucrative investment opportunities in overlooked Latin America nations
- Stronger than a BRIC: As an investment destination, Turkey has become a better proposition than the much-vaunted BRIC markets
- A risk worth taking: Adoption of a stronger approach to risk management will improve the performance of real estate
- Issues of the day: Confab debates strategic planning, standardization, disclosure, risk and portfolio management, market opportunities
- Yen again, yet again: Japan
- Asian investor capital keeps flowing into U.S. properties
- Signs of life in the commercial construction industry
- Why would anyone want to invest in office?
- Investors banking on growth for U.S. industrial properties
- Multifamily sector stabilizes as growth tapers
- An infamous South American city rehabilitates its reputation
April 1, 2013: Vol. 25, Number 4
- Vital signs: How the boom in healthcare spending can benefit retail centers
- An old song: The senior housing sector is supposed to go boom! But stubborn baby boomers are not wild about being institutionalized
- Welcome to the neighborhood: Investors are diving into the single-family housing market, but it's unclear whether it can become a sustainable institutional asset class
- Northern exposure: Why commercial real estate in Canada? Why now?
- Bound by risk: Under what circumstances should risk premiums for Asia be reduced?
- The Austerians: Intractable unemployment is fomenting another American Revolution
- Capital Flows: Sales dominate activity
- Slow hand: The perils of fast information
- Changes: Twenty-five years later, a publishing milestone is reached
- In memoriam: Peter Lewis, the bard of institutional investing
- TIAA-CREF and university establish center for farmland research
- Investors express preference for separate accounts in 2013
- Shares of healthcare REITs break out of the pack to start 2013
- TPG Capital, KKR take aim at new real estate funds
- Deals catch fire in the Americas during fourth quarter
March 1, 2013: Vol. 25, Number 3
- Summit Capital places a stake in oil-rich Eagle Ford Shale
- Megatrends: Seven powerful forces that are changing the direction of the institutional real estate business
- Real estate redefined: Investment firms rise to the challenge of getting more real estate options into defined contribution plans
- Skin in the game: All parties seem to agree there is no hard evidence co-investment produces better performance
- Asia calling: There is a clear opportunity for real estate investors to capitalize on the Asian Century
- Choke point: The Panama Canal expansion has potentially big implications for U.S. ports and industrial markets
- True believers: The yellow brick road to fantastical returns
- Carried interest: Tax treatment remains status quo
- Investors favor real estate, especially core properties
- TIAA-CREF and Norges Bank strike $1.2 billion JV
- Canada 2013: No building, high prices
- Fund closings: Big numbers, little consolation
- Spate of billion-dollar deals kicks off new year
February 1, 2013: Vol. 25, Number 2
- Change Is Good: Bigger, Bolder and Better Real Estate Investment Trusts
- Transformation: Big Changes Are Afoot at IREI
- DC Plans Rise: As Defined Benefit Plans Dwindle, Defined Contribution Plans Have Become the New Frontier for Commercial Real Estate
- Double Play: For Emerging Managers There Is a Two-sided Formula for Success
- The Texas Way: Everything's Bigger in the Lone Star State, Including the Commitment to Hiring Emerging Managers
- Scenes from the Recovery: A Cinematic Assessment of the Economic Outlook for 2013
- Building a Portfolio: Clear Objectives, Strategy and Manager Selection Are Among the Crucial Building Blocks
- Mexico Fights Back: With Drug-induced Chaos Subsiding, Latin America's Second-Largest Economy Is Manufacturing Its Way Out of the Red Zone
- Winter Lake Views: Thin Ice and Hidden Risks
January 1, 2013: Vol. 25, Number 1
- Far and Wide: Pension Funds and Sovereign Wealth Funds Are Set to Make Their Presence Felt in Global Property Markets
- Transparency: More Than Just Disclosure
- Rents Lose Momentum: By Mid-2013, Though, Short-term Worries Will Likely Subside and Rental Rate Growth Should Pick Up
- Retail Revival: Rental Rates Hang Tough Around the Globe
- Round Two: Secondary Market Offers Noncore Returns with Core-Like Risk Profile
- Foreign Invasion: It's Only a Matter of Time Before Capital from Emerging BRIC Countries Storms the U.S. Real Estate Market
- It's Just a Click Away: E-Commerce Is a Death Sentence for Some Retailers, but Others Find Salvation in Omni-channel Strategies
- U.S. Jobs Crisis: Education Is the Answer to This American Dilemma