Global Real Estate Monitor
A Monthly Newsletter Exclusively for Commercial Real Estate Executives
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Sponsored by GE Real Estate - Produced by National Real Estate Investor Magazine December  2010  VOL. 3   

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Looming Seniors Housing Shortage:

Few projects under development

Like other commercial real estate sectors, seniors housing has seen a slowdown in construction during this downturn. But unlike other sectors, demand for seniors housing is forecast to outpace supply in the future.

“If we don’t start seeing some development soon, we’re going to see a real shortage in 15 years,” says Danny Prosky, president & COO of Grubb & Ellis Healthcare REIT II, a public non-traded REIT that invests in healthcare facilities, including seniors housing.
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Irish Distress :

Investors see opportunity 

Ireland may offer the distressed property opportunities that global investors hoped to see in the United States. Moreover, the recent EU-IMF bailout is a signal to many investors that it’s time to invest in Ireland. However, some investors are still concerned about the country’s economy and fiscal health. And the size of the Irish property market is limiting to investors, both in terms of available inventory and exit strategy. 
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Briefs

Investment Notes

As consumers ease up on the spending brakes this holiday season and retailers ring up stronger holiday sales, retail real estate fundamentals are approaching bottom and occupancy is expected to improve in 2011, according to Jones Lang LaSalle’s 2011 Retail Outlook.  

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Foreign Exchange

As the world economy emerges from the severe financial downturn, the focus of global office development activity has shifted to Asia, according to new research from CB Richard Ellis Global Research and Consulting.  

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