All Magazine articles – Page 95
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MagazineAnd the award for best governance goes to...?
There is still much room for improvement in the governance of listed real estate companies. With low investor confidence, expect the market turmoil to drive progress. Christine Senior reports
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MagazineBest of both worlds
Robert Steers co-founded one of the most pioneering listed real estate management companies with Martin Cohen in the 1980s. Today, he is advocating the creation of global property portfolios that blend both listed and non-listed. Richard Lowe reports
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MagazineBeyond the Square Mile
Investors claim to be peering at the bottom of the London property market. Some are already looking for sane prices for sparse assets – and they include pension funds as well as opportunists. Shayla Walmsley reports
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MagazineThe big picture
Given the illiquidity of private real estate, investors are increasingly recognising the importance of REITs. However, for a meaningful REIT allocation investors must understand the composition of their multi-asset portfolios. Stephen Lee reports
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MagazineConsistency inspires confidence
Transparency facilitates a market’s return to equilibrium, which is why the internationally agreed valuation standard must be applied globally, as Luay Al-Khatib reports
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MagazineTake control
Recent market turmoil highlights the need to track the market and act quickly and efficiently on market expectations, says Jose Luis Pellicer
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MagazineCranking the levers of power
Capital constraints and the massive demand for loan refinancing are likely to cause substantial defaults in the US and Europe, as Anish Shah and Clint Myers report
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MagazineRay of light in the crisis
The very severity of the blows dealt to the US commercial real estate market by the credit crisis and the weak economy could lead to some of the best bargains in CRE investing in our lifetimes, says Michael Pralle
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MagazineQuis custodiet ipsos custodes?
The collapse in CMBS was followed by a loss of confidence in the organisations that ‘rated’ these products. Colin Lizieri asks, how do we eradicate the moral hazard and restore confidence in ratings?
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MagazineDistant lights
Investor mettle is being severely tested as the gloom around London office deepens. It is not all bad news, but timing will be critical, says Andy Schofield
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Magazine
Efficiency drive
The new harsh economic reality will add additional tax challenges – and opportunities – for the real estate fund management industry, say John Whitehead and Siobhan Godley
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MagazineEmerge stronger
The opportunity fund model must sink or swim as it faces its greatest stress test as the recession begins to bite. Steve Hays reports
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Magazine
Exit right
Managers with funds due for termination are choosing to extend rather than liquidate. But are investors happy to tie up their equity for longer in the hope that the market will improve? Shayla Walmsley reports
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MagazineFreeze frame
Valuers continue to seek to reflect market sentiment in the face of transactional inactivity. But how realistic is it provide a snapshot of a property’s value when, effectively, there is no market? Richard Lowe investigates
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MagazineGet a grip
Ditch debt and downgrade return expectations – then focus on tomorrow’s problems. Industry leaders tell Shayla Walmsley what we should learn from the current crisis
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MagazineRoom for improvement
As Asia’s markets develop, well-timed value-added opportunities will enable investors to harness the continent’s vast potential when the markets begin to stabilise, says Charlie Duke
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MagazineUnder increasing scrutiny
More cross-border transactions and greater market volatility have challenged the valuers in terms of quality control. Increased frequency is now a priority, as Andrew Barber reports
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Magazine
Knowledge is king
The main impediment to more widespread use of property derivatives by investors is a lack of familiarity. Tony Yu introduces a new publication from the IPF and PDIG which seeks to address the information gap
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MagazineToo much, too little, too late?
Fees designed for a seller’s market have survived into a buyer’s one. So are the old structures still working – and, if they aren’t, what are pension funds going to do about it? Shayla Walmsley reports
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Magazine
Low light in the sunshine state
Never mind California dreamin’, the harsh reality for REITs was reflected in the sombre mood at NAREIT’s annual conference. But the meeting noted some bright lights, as Jon Peterson reports
