Michael Lester
- Magazine
Exporting the US model
Real estate investment trusts were invented in the US in the 1960s. Some now have more global ambitions, but theirs is fundamentally a local business, writes Michael Lester
MagazineShaken to the core
After some bad experiences during the crisis, pension funds in the US are playing it safe, writes Michael Lester
- Magazine
Managing the managers
They have a long history in the US. Michael Lester looks at the present-day role of real estate investment consultants
- Magazine
Bright skies over the Sunshine State
The Florida State Administration Board, which manages the pension fund for local teachers and state employees, has earmarked a further $1bn for new real estate investments. Michael Lester speaks to the new senior investment officer Steve Spook
- Magazine
Been there, done it
The US real estate distressed debt market is deeper and more established than its European counterpart. Michael Lester looks at the latest developments
- News
CalPERS unveils real estate plan for 'emerging' fund managers
Managers must have less than $1bn in AUM and have handled no more than three funds.
