Browsing: Real Estate

Real Estate

EY on Real Estate Private Equity Trends

Feb 5th, 2017 | Filed under: Equity Types of Private Equity, Newly Added, Other Issues in Private Investments, Private Investments, Real Assets, Real Estate, Real Estate Equity Investments

The global real estate division of financial consultancy Ernst & Young recently published a report on the private equity outlook in the real estate space. As the head of the division, Mark Grinis, says in an introduction, the premise of the report is that success in this space requires managerialRead More


MIND THE GAP—LENDERS APPROACHING

Nov 14th, 2016 | Filed under: Debt Types of Private Equity, Newly Added, Private Investments, Real Assets, Real Estate

By Diane Harrison It’s been years since investors have been able to get excited about the term “yield” when referencing their investment portfolio. Too many individuals have been hanging onto cash while searching fruitlessly for somewhere other than equities to put their money to work. Advisors haven’t been much helpRead More


Private Capital Fundraising Slows: Green and Brown Valleys

Jul 14th, 2016 | Filed under: Farmland, Infrastructure, Natural Resources and Land, Newly Added, Operationally Intensive Real Assets, Other Topics in A.I., Real Assets, Real Estate, Real Estate Equity Investments

Preqin, the multinational data and consulting firm, has looked at the second quarter and found it was, for private capital fundraising  … slow. So was the quarter before it. Together they made up the first half of 2016, in which the funds closed in the world of private capital globallyRead More


Real Estate: Footloose Money Chasing Cross-Border Deals

Feb 2nd, 2016 | Filed under: Liquid and Fixed Income Real Estate, Newly Added, Real Assets, Real Estate, Real Estate Equity Investments

Savills, a global real estate services provider listed on the London Stock Exchange, has released its annual report on the role that real property plays in the investment world.  Here are some of its key points: Real estate assets constitute 60% of the value of all assets worldwide; Residential realRead More


An Overview of Real Asset Investing

Aug 26th, 2015 | Filed under: Infrastructure, Intellectual Property, Private Equity, Real Estate, Risk management

Guest columnist Andrew Smith, CAIA, provides an overview of real assets and their commensurate risks and rewards.Read More


Who Will Meet Yahoo at the Altar?

Jun 16th, 2015 | Filed under: Alpha Strategies, Intellectual Property, Real Estate, Technology

There was some excitement as recently as January 2015 over renewed talk of a Yahoo/AOL deal, but after the bloom finally came off that rose, YHOO settled into a trading range has been roughly from $42 to $46. Faille guesses that there is an opportunity here on the upside of that range, because another suitor is bound to appear.Read More


Farm Land: The Risks & Rewards of Buying Direct

Jun 7th, 2015 | Filed under: Farmland, Infrastructure, Institutional Investing, Real Estate

Guest columnist Andrew Smith, CAIA, examines the risks and rewards of investing directly in farmland.Read More


Top Hedge Fund Managers: They Aren’t Wizards, but They Are Masters

May 28th, 2015 | Filed under: Alpha Hunters, Alpha Seekers, Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Institutional Investing, Real Estate

For Faille, the stand-out essay in this collection of case studies, from CNBC's Maneet Ahuja, concerns Marc Lasry and Sonia Gardner, of the Avenue Capital Group. As Myron Scholes says in his afterword to this volume, Lasry and Gardner take returns from those whose demand for liquidity makes them willing to give them up. Read More


Tax & Election Seasons Create Alternative Altercations in the US

Apr 20th, 2015 | Filed under: Legislation/Court rulings, Partner accounting, Real Estate, Venture capital

As a general rule, politicians [mostly] on the Democratic side benefit by raising the issue of the taxation of carried interest during campaigns and then quietly letting it die, as their donors expect, when the legislature is actually working on tax bills. It's a way of signaling who is a "populist" and who isn't. Read More


Does Private Real Estate Actually Have a Low Correlation with Public Real Estate?

Mar 15th, 2015 | Filed under: Alpha Hunters, Alpha Strategies, Institutional Investing, Private Equity, Real Estate

Brad Case, Ph.D., CFA, CAIA, looks at the relationships between public and private real estate.Read More


Focus on U.S. Real Estate Benchmarks: NCREIF Transaction Based Index

Feb 20th, 2015 | Filed under: Alpha Hunters, Alpha Strategies, Indexes, Real Estate

By Brad Case, PhD, CFA, CAIA This is the third in a series of articles focusing on the strengths of different indices that are published regularly and may be appropriate for benchmarking, risk assessment, and other real estate investment purposes. The first article focused on two similar index families, the Moody’s/RCARead More


How Bad is the Cash Drag on Open-End Private Equity Real Estate Funds?

Jan 22nd, 2015 | Filed under: Private Equity, Real Estate

Guest columnist Brad Case, Ph.D., CFA, CAIA, examines the effects of cash drag on open-end private equity funds.Read More


Focus on U.S. Real Estate Benchmarks: NCREIF Property Index

Jan 4th, 2015 | Filed under: Alpha Hunters, Alpha Strategies, Indexes, Real Estate

Brad Case, Ph.D., CFA, CAIA, guest columnist, continues his series on U.S. real estate benchmarks as he looks at the NCREIF Property Index.Read More


Does Leverage Have a Positive or Negative Effect on Private Equity Real Estate Investments?

Dec 14th, 2014 | Filed under: Private Equity, Real Estate

Guest columnist Brad Case, Ph.D., CFA, CAIA, explores the effects of leverage on private equity real estate investments.Read More


Focus on U.S. Real Estate Benchmarks: Moody’s/RCA CPPI and CoStar CCRSI

Nov 30th, 2014 | Filed under: Alpha Strategies, Real Estate

Brad Case, Ph.D., CFA, CAIA, guest columnist, examines the value of U.S. real estate benchmarks.Read More


Is Private Real Estate Actually Less Volatile than Public Real Estate?

Nov 18th, 2014 | Filed under: Alpha Hunters, Real Estate

Guest columnist Brad Case, Ph.D., CFA, CAIA, examines the differences between private and public real estate investments.Read More


Parking Lot Arbitrage: The Latest Trend in Indian Real Estate

May 21st, 2013 | Filed under: Real Estate

Alternative investments have always been the home of innovation. Guest columnist Sourabh Jeswani looks at parking lots as the latest innovation in the Indian real estate market.Read More


On Not Using the Phrase ‘New Normal’ Here

Sep 26th, 2012 | Filed under: Asset allocation, Institutional Investing, Private Equity, Real Estate, Venture capital

Acceptance of the higher levels of volatility as a fact of life means that careful ongoing attention to risk has become the means of operations. In the United States specifically, 31 percent of institutions say that they monitor their risk budget daily to keep the overall amount of risk in the portfolio under check: more than half (53 percent) say that they do such monitoring on a weekly or monthly basis.Read More


Preqin: Investor Interest in Real Estate Revives

Sep 18th, 2012 | Filed under: Real Estate

The good news from the Preqin survey is that 37 percent of the interviewees said they expect to deploy more capital to real estate over the next 12 months than they did over the last 12 months. The better news is that in a January 2012 survey only 26 percent had said that. Read More


McKinsey: Allocations Will Rise Despite Sticky Fees

Jul 31st, 2012 | Filed under: Alpha Strategies, Asset allocation, Private Equity, Real Estate

The reason for the increased interest in alternatives, McKinsey says, isn’t that the alternatives’ managers are slashing the price of their services. It is, rather, a discontent with the return to be gained from traditional investment. “Even with downward pressure likely over the next few years, revenue yields for institutional alternative products should remain well above the 35 bps average earned on today’s traditional institutional products.” Read More


More than $3 Trillion AUM for Top 100 Alternative Investment Managers

Jul 25th, 2012 | Filed under: Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Infrastructure, Institutional Investing, Private Equity, Real Estate

The survey also asked that the asset managers state where their total assets are invested, using four geographical categories: Europe; Central/North America; Asia Pacific; Other. Commodity funds were easily the most heavily invested in C/NA, to the extent of 94 percent of their portfolios. Private equity funds are 61 percent invested in C/NA, and PE FoFs also have the majority of their portfolios there, at 54 percent.Read More


Dear SEC: Comments on the JOBS Act

Jul 19th, 2012 | Filed under: Hedge Fund Industry Trends, Hedge Fund Regulation, Private Equity, Real Estate, Regulatory

A veteran of hedge funds and private equity, Jeff Joseph offers some comments to the U.S. Securities and Exchange Commission on the JOBS Act and what this legislation has the potential to mean to the global alternative investment community.Read More


Alpha Hunters: Investing in Urban Communities

Jun 18th, 2012 | Filed under: Real Estate, Socially responsible investing

K. Robert "Bobby" Turner has overseen more than $12 billion of investment into urban communities (with partners including Magic Johnson and Andre Agassi), find out why..Read More


Alpha Hunters: Looking at Alternative Investments From the Inside Out

Jun 7th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, CTA, Derivatives, Forex, Hedge Fund Industry Trends, Hedge Fund Strategies, Institutional Investing, Private Equity, Real Estate, Venture capital

A deeper look at alternatives with Dr. Bob Swarup, a world-renowned expert and commentator on alternatives and financial markets as well as being a visiting fellow at London School of Economics.Read More


U.S. Rejoins the Globe, Say Consultants

Mar 28th, 2012 | Filed under: Alpha Strategies, CTA, Hedge Fund Industry Trends, Institutional Investing, Private Equity, Real Estate

Consultants expect that managers' need to generate steady income in a low interest rate environment will drive a lot of portfolio turnover in 2012, inclusive of the movement of alternatives into core positions within portfolios, and it will drive one-time U.S. focused investors and managers to look abroad. Meanwhile, pensions are retreating toward passive mandates. Read More


McMansions Aren’t Bank Accounts: Now What?

Mar 22nd, 2012 | Filed under: Real Estate

The authors of a new book from the Milken Institute contend that one factor working against the recovery of the housing market in the U.S. is that the residential finance system is almost entirely a ward of the federal government, "a situation that cannot be indefinitely sustained without seriously damaging monetary stability and the prospects for a return to long-term growth," they write. It is imperative, these authors believe, that the United States get its private investors involved again in the financing of housing.Read More


Preqin: Real Estate Funds Turn to Debt Strategies

Feb 5th, 2012 | Filed under: Real Estate

"Farhaz Miah, of Preqin, sets out the numbers for private real estate fundraising in 2011, showing that the market continues to suffer from the impact of the 2008 crisis. He notes, also, that debt strategies have become increasingly popular, both in specifically debt-strategy funds and in opportunistic funds that employ debt strategies as part of a broader structure."Read More


Don’t Try To Recapture the Glory Days (CMBS, that is)

Aug 28th, 2011 | Filed under: Real Estate

Will they or won't they? BNYMellon Asset Management looks at commercial real estate and speculates on the future of--dare we say it--CMBS....Read More


Report from Yonkers: ‘Hit ’em where they ain’t!’

Aug 26th, 2011 | Filed under: Private Equity, Real Estate

Alpha isn't always where you'd expect it, especially in the crowded private equity field. Read More


Everybody Back in the Water! Deep Diving the Family Office Investment Pool

Jul 28th, 2011 | Filed under: High-net-worth investors, Private Equity, Real Estate, Retail Investing

According to the latest research, confidence in family office investing is back.Read More


An Alternatives Expert Viewpoint on Alternative Alternatives

Jun 29th, 2011 | Filed under: Commodities, Institutional Investing, Private Equity, Real Estate, Retail Investing

Tongue- and portfolio-tied investors are looking for alternatives for their alternatives in order to achieve non-correlation.Read More


Strip mall in central Nevada, 50% off! Act now!

Jun 12th, 2011 | Filed under: Private Equity, Real Estate

Private equity shops are finally smelling opportunity in the U.S. commercial real estate market. The question is whether the roses they smell are as sweet as they think, or if they just plain stink.Read More


Green Acres may indeed be The Place to Be

May 30th, 2011 | Filed under: Commodities, Real Estate

By Steve Deutsch, MBA, CFA, CAIA, AllAboutAlpha Editorial Board Who would have thought investment ideas would come from the 1970s television series Green Acres? However, it looks as though Eddie Albert and Eva Gabor may have been well ahead of their time when they left New York’s Park Avenue forRead More


When the Leverage Levee Breaks and real estate liquidity recedes

May 8th, 2011 | Filed under: Real Estate

Your house is grounded, so it should be stable. But what if the water table is rising? There could be leaks in the basement. That analogy explains why real estate as an asset class can be highly volatile despite the seeming solidity of the ground and the buildings. Leaks and floods, hurricanes and tornadoes, all drowned real estate returns during the financial crisis.Read More


New spin on the Fundamental Law of Active Management finds US mutual funds were “a victim of their own success”

Mar 31st, 2011 | Filed under: CAPM / Alpha Theory, Real Estate

Finally, a version of the Fundamental Law that fundamental managers can actually use. But be forewarned, if you're a fundamental mutual fund manager, you won't like what it has to say... Read More


Hard assets hard to buy

Mar 22nd, 2011 | Filed under: Real Estate

Real estate and infrastructure are usually considered separate asset classes. But a new study suggests that they diversify a portfolio by diversifying each other – at least on the downside.Read More


Public and Private Real Estate: Pieces of the Same Puzzle

Mar 1st, 2011 | Filed under: Real Estate

Is it location, location, location? Or valuation, valuation, valuation? Or is it timing, timing, timing? Perhaps all three describe both public and private real estate investing. But figuring out valuation is the tricky part.Read More


The house that REITs built… casting a shadow on hedge funds?

Feb 14th, 2011 | Filed under: Institutional Investing, Real Estate

Real estate in various forms continues to gain favor among institutional investors. For hedge funds, the problem is the shadow being cast.Read More