Global Real Estate Monitor
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Estate - Produced by National Real Estate Investor Magazine October 2007 VOL. 2    

Archives    
 
In This Issue
>   European Sale-Leasebacks:
Debt-dependent buyers bow out
>   Affordable Housing:
Tax credit pricing drops as tax-exempt bond rates increase
>   Technology:
New Tools for Real Estate Investors
Briefs
>   Investment Notes
>   Foreign Exchange
>   Did You Know?
 
 
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CMSA Canada
October 15-16, 2007
Toronto
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ICSC Fall Conference
October 15-17, 2007
New Orleans
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AHF Live
October 24-26, 2007
Chicago
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ULI Annual Fall Meeting
October 23-26, 2007
Las Vegas
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European Sale-Leasebacks: Debt-dependent buyers bow out

The uncertainty that has plagued the U.S. capital markets for months has made its way to Europe, significantly changing the sale-leaseback environment across the continent. Highly leveraged sale-leaseback investors have been forced to the sidelines, creating opportunities for buyers that aren't as debt-dependent. Read Article...

Affordable Housing: Tax credit pricing drops as tax-exempt bond rates increase

Nearly 95 million Americans struggle with housing affordability, according to the National Low Income Housing Coalition, yet financing affordable housing projects grows more difficult and complex on a daily basis. Over the past 12 months, pricing for low-income housing tax credits (LIHTC) has decreased by as much as 20 percent, making it harder for developers to get affordable housing projects to pencil out. The pricing change also is creating some angst for LIHTC sponsors and syndicators. Even worse, the turmoil in the bond markets has caused rate increases on tax-exempt bonds (TEBs), also impacting developers' ability to finance projects.Read Article ...

Technology: New Tools for Real Estate Investors

Global Real Estate Monitor spoke with five of the commercial real estate industry's leading technology experts about the challenges commercial property owners and investors face, the new systems being introduced to tackle those problems, and how these new technologies are changing the industry. Here are those experts, and what they had to say. Read Article ...
Briefs

Investment Notes

The value of the global invested markets is set to grow by nearly 40 percent over the coming five years, from $ 9.8 trillion in 2006 to $13.7 trillion in 2011, according to a recent report by RREEF. Although this growth is far smaller than experienced during the bull run of recent years, the increase in the market by $4 trillion still represents significant growth.

The US dominates the global invested market, at 48 percent of the total, followed by Europe and Asia with 33 percent and 19 percent, respectively. Within Europe, the western countries dominate, with the four largest markets of Germany, UK, France and Italy representing nearly 70 percent of the total. Despite the pace of the recent growth, Central and Eastern Europe account for only 5 percent of the value of the whole European market. More...

Foreign Exchange

Global property stocks posted a -6.5 percent total return in the second quarter 2007, according to a recent report by CBRE Investors. That dismal performance follows a 5.7 percent total return in the first quarter 2007 and a 34.2 percent total return in 2006.

The listed global real estate sector is offering a cash flow yield of 4.3 percent in 2007 and average annual two-year cash flow growth of 12.3 percent More ...

Did You Know?

Half of all women in commercial real estate say family needs dictated decisions to temporarily leave the workforce and seven out of 10 women say women's careers are negatively impacted as a result of these family related work leaves, according to a new report conducted by Commercial Real Estate Women (CREW) Network.

The report, CREW Network: Minding the Gap, also found that 74 percent of survey participant also thought management considered differences when viewing women's versus men's request for extended leave or other alternate scheduling. Many respondents suggested that companies should encourage greater work/life balance for both men and women. More ...

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