INREV Meeting in NYC
INREV is a European real estate trade
association that some folks have referred to as the PREA (Pension Real Estate
Association) of Europe. Now with 400 members, INREV (European Association for Investors in Non-Listed Real
Estate Vehicles), has come a long way since it's launch in 2003. The
brainchild of two industry veterans, Pieter Hendrikse and Willem de Geus, I
have been a friend and member of the organization from shortly after it's
beginnings.
Last week, I attended
INREV's annual U.S. meeting in New York City. It was great to see so many
industry friends and meet some new ones. I wanted to share some of my presentation takeaways
with you:
- Hedge
for next 20 years in Europe: double down in Germany
- Real
estate investment / development opportunities across Europe = tourism /
tourist destinations
- Fastest
growing destinations for Chinese tourists:
- Spain
- UK
(almost tied with Spain)
- UAE
- Italy
- France
- "In
my 20 years as an economist, the North Korea situation is the most
worrisome event I has ever observed. North Korea is the hermit
kingdom (we don’t know anything about them). War is truly a
possibility."
- Audience
Survey Question: Biggest concern/challenge real estate faces today?
Answer: 61% chose Frothy Property Prices
- "Invest
in cities, not countries; locations getting more and more important."
- "Industrial
is now ‘the place’ vis a vis e-Commerce space needs"
- "Consumer
confidence is key to growth"
- Structural
drivers of economy: Technology & Urbanization
- Major
disruptor: e-Commerce
INREV is actively seeking more U.S.
institutional investors to join and offers an introductory membership
rate. If you are considering expanding your investment horizons to
Europe, I highly recommend looking into INREV where you can get an immersion
into what's going on in commercial real estate across Europe (including the
UK!).
Congratulations to RCA (Real Capital
Analytics)
Congratulations to RCA on
the launch of its Global Cities Composite of the RCA Commercial Property
Price Index
An excerpt from the
'overview' by RCA Founder and President Bob White:
Global commercial real
estate prices grew at the fastest pace in two years in the second quarter
of 2017. The Global Cities Composite of the RCA CPPI climbed 2.6% in
Q2’17 and has risen 8.3% from a year ago, propelled by strong gains in
Boston, Hong Kong, Melbourne and the German A Cities.
The price growth comes despite a 10.9%
year-over-year decline in transaction volumes in the Global Cities and
subpar results in the two largest global markets – London and New York.
The clear winners with the most investment momentum, clustered in the upper
right quadrant of the graph above, are the German A Cities, Hong Kong, San
Francisco, Amsterdam and Sydney.
Real
Capital Analytics (RCA) bases these results on a series of groundbreaking
market indices created, and form part of a comprehensive report just
published. The indices are transaction-based and utilize repeat-sales
regression methodology. The Global Cities Composite tracks 27 metro areas
in North America, Europe and Asia Pacific. Over the past decade, approximately
46% of all commercial property transactions have occurred in one of the cities
tracked by these indices.
The
RCA CPPI Global Cities report is published quarterly. Click here learn
more.
Question
about LinkedIn and Twitter
I
can use your help. Liz and I have been finding LinkedIn more and more
helpful in getting the messages about our open-enrollment professional
development workshops (Behavioral Presentation Coaching and Women's Leadership)
out to the industry. Yet, we have been very conservative about our posts
- not wanting to add to all the 'noise' out there. However, Social Media
'experts' suggest you post, post, post. LinkedIn, Twitter, etc. to be
noticed. I'm wondering if you have any reaction to those companies and individuals
that appear continually on LinkedIn and Twitter. Should we be 'marketing'
ourselves more aggressively?
Thanks
for your thoughts!
Congratulations...
New INREV
CEO Lonneke Löwik whom I met when she first was INREV Director of
Research and Market Information and then Director of Professional Standards
between 2009 and 2014.
J.D. Sitton who has
joined J.P. Morgan Asset Management as Head of Client Strategy - Real Estate
Americas
Andy Fox who has been
promoted to CFO at Ackman Ziff Real Estate
Amber Zhang who has
joined The World Bank as Compensation Benefits Analyst
Mary Beth McCormick
who is now Executive Director, Center for Real Estate, Fisher College of
Business, The Ohio State University
Walt Clements now President and COO at
Dean Realty Co.
On the Road...
Oct. 4-6: Dallas to conduct an in-house
Behavioral Presentation Coaching workshop for one of our clients.
Oct. 11-12: Chicago to attend the
NAREIM Executive Officer's Fall Meeting
Oct. 16-17: Chicago to sit in
with an industry band playing 'around' the PREA Fall Meeting.
Oct. 18-19: Dallas to conduct an
in-house Behavioral Presentation Coaching workshop for one of our clients.
Week of Oct. 30: New York City to
conduct an in-house Behavioral Presentation Coaching workshop for one of our
clients
Nov. 4: Nov. 4:
Attending the 2017 Gala of Mac Angels Foundation which enhances the quality of life for patients, family
members and caregivers impacted daily by ALS, by providing the compassion,
education and unique resources needed to manage the devastating effects of this
disease. Honorees at this year's gala are Paul McEvoy (DRA Advisors) and his
wife, M.C. To donate to Mac Angels please click here.
Tentative Save The Date: Monday,
December 4: Steve's Pretty Much By Now Annual Pizza / Drink Thing. Joe G
Restaurant, 244 W. 5th Street (Bet. B'way and 8th). Starting at
6pm. Come together with a bunch of your industry friends and make some
new ones. We usually get +/- 50 people. You buy your own drinks...I
supply the famous Joe G pizza (yes, with various toppings!).
