Global market outlook Trends in real estate private equity

Global market outlook Trends in real estate private equity The real estate private equity funds sector is facing a period of large-scale regulatory overhauls and the ongoing illiquidity of the capital markets all driving the change. Considering the impact ! " # managers are also looking at corporate partners to acquire a stake $% managers exit the market altogether. ! & & ’ foreign capital chasing real estate opportunities is at near-record ( !) * + , insisting on more transparency and oversight on their investments. ’ & " standards are forcing fund managers to reexamine their business ’/ % 0 " ’ ( !** are feeling the impact of bank lending constraints although their ( real estate private equity funds. Given the large number of assets # " 72 5 8 real estate funds sector. & 8Global Market Outlook " ) & 9: creativity and innovation in all real estate markets globally. / 0 ! 1# ! & 2 3!&24*5 " The upside to the pressures of intensifying investor demands and # offshore centers are increasingly attracting business from large 6 funds sector. +; $;* < * => 2$ $;* < * => About our real estate private equity fund survey ) private equity funds to enhance the 8 ’ ??" / , to more than 300 real estate private equity ( " general partners. * => confidentiality of all responses and 1 the identity of the respondents be revealed to the public or the other respondents. & * => relied on the data and information ) attempt to verify the responses provided responsibility for the accuracy or reliability of the data. Global market outlook: Trends in real estate private equity 1 Structural shifts in the real estate funds sector ’ / " / ; Costs on the rise ’ B B !&2/ 5&&&,0 " ’ Top 10 predictors of real estate fund-raising success: 1. Having a strong alignment of interests F Having a cornerstone investor/solid backing from existing investors 3. 5 4. Having a focused investment sector 5. 5 strong pipeline 6. Having a strong track record in good and bad markets 7. Offering a niche opportunity 8. " 9. Focusing on making money in absolute terms 10. 5 Source: Ernst & Young LLP Compounding the complexity and cost of regulatory compliance is pressure from limited partners and potential investors for fund ! 8 have in recent years in order to hold on to existing mandates and & fees to cover overhead costs and understand the need to maintain 5 8 ’ global fund managers than to small to mid-market operators. & , the market. Consolidation should ultimately have a positive impact ,, / & ’ estate in the direction of mainstream investments by improving transparency and encouraging greater professionalism and sophistication in the market. Investment trends on the rise ’ impact on the market. 8 that are coming to market are taking six to seven months longer to ! expected to keep increasing for the foreseeable future. On the " / individual transactions and then syndicate the interests over time. & " , , 2 D , 1#EFF’ trend has been sparked by limited partners selling their positions in B & focused on opportunistic plays are buying in. The process of vetting 2 replacement investors and completing the trade can be highly , ( Future considerations & , and leasing for individual properties rather than holding out for ) D Consolidation in the fund sector may be necessary to improve the " " , ’ + D < and recruitment processes that afford them a strong competitive + managers have been able to compete by providing close-up , 8) " 8 ) B B D& , opportunities may require the mega-funds to compete more actively for talent. 3 ... - tailieumienphi.vn