420 likes | 494 Views
Global (Real Estate) Capital Markets. Global (Real Estate) Capital Markets Residential Prices. Global (Real Estate) Capital Markets Residential Prices. Global (Real Estate) Capital Markets Residential Prices. Global (Real Estate) Capital Markets Residential Prices.
E N D
Global (Real Estate) Capital MarketsIncome Property Cap Rates
Global (Real Estate) Capital MarketsIncome Property Cap Rates
Global (Real Estate) Capital MarketsIncome Property Cap Rates
Global (Real Estate) Capital MarketsIncome Property Cap Rates
Global (Real Estate) Capital MarketsIncome Property Cap Rates
Source: Real Capital Analytics Equity Capital Composition of Buyers office, industrial, retail and multifamily properties $5 mil.+ 100% inst'l 13% 17% 19% 90% 22% foreign 11% 80% 8% 8% 7% 10% reit/public 70% 13% 17% 11% 60% user/other 9% 50% 7% 14% fund 5% 40% 6% 40% 3% 12% 3% 7% syndicator 30% 20% condo 34% 32% 30% converter 22% 10% private 0% 2004 2005 2006 2007 9 mos
Equity The Universe of Private Equity Funds Source: Real Capital Analytics Source: Real Estate Alert
Equity Capital Source: Real Capital Analytics % of Acquisitions Finance by CMBS Sources of Equity Capital inst'l 13% pvt out of pvt in state, 10% state, 12% foreign 25% syndicator, 22% reit/public inst'l, 13% 2% fund 54% syndicator 72% foreign, 11% pvt out of 56% state pvt in 32% state fund, 40% reit/public, 10% total 39%
Foreign Source: Real Capital Analytics Foreign Acquisitions of US Property (trailing 12 months, office, industrial, apartment, retail properties)
Global (Real Estate) Capital MarketsMortgage Debt Outstanding
Global (Real Estate) Capital MarketsChange in Mortgage Debt Outstanding
Global (Real Estate) Capital MarketsWhere Did the Money Come From?
Global (Real Estate) Capital MarketsWhere did the money come from?
Global (Real Estate) Capital MarketsWhere did the money come from?
Global (Real Estate) Capital MarketsWhere Did the Real Estate Capital Come From?
Global (Real Estate) Capital MarketsWhere did the Real Estate Capital Come From?
CMBS Spreads to Treasuries 600 500 400 300 BBB- 200 AAA10Yr 100 0 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct ‘05 ‘06 ‘07 Source: Commercial Real Estate Direct; Real Capital Analytics