Cross-border investment in US commercial real estate more than doubled in Q1 2015 compared to the previous year, totaling $22.2 billion. Industrial transactions saw the largest increase, up 97% due to several large portfolio sales. Singapore-based GIC acquired Blackstone's IndCor industrial portfolio for $8.1 billion in one such transaction. Cross-border investors concentrated on major markets like Manhattan, Washington D.C. and Los Angeles, accounting for over 60% of their investment versus 40% for domestic investors.
Property portals around the world have ready access to a vast range of information on home sales and rental prices. From these, it is possible to create a series of market indices that can track the performance of a market.
ZAP in Brazil has partnered with FIPE (Institute of Economic Research Foundation) to create a series of FipeZAP indices covering sales and rentals. This session looks at how they approached this and the lesson learned in building these indices.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
Winning in Growth Cities is an annual report which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.
Get the full report at http://cushwk.co/wigc
Economic development leaders from across five counties comprising the Greater Los Angeles Region convened for a discussion on focused foreign direct investment (FDI) planning. Hosted by JPMorgan Chase and facilitated by the Brookings Institution, the five counties of Los Angeles, Orange, Riverside, San Bernardino and Ventura shared FDI best practices for a regional, coordinated approach.
Property portals around the world have ready access to a vast range of information on home sales and rental prices. From these, it is possible to create a series of market indices that can track the performance of a market.
ZAP in Brazil has partnered with FIPE (Institute of Economic Research Foundation) to create a series of FipeZAP indices covering sales and rentals. This session looks at how they approached this and the lesson learned in building these indices.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
Winning in Growth Cities is an annual report which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.
Get the full report at http://cushwk.co/wigc
Economic development leaders from across five counties comprising the Greater Los Angeles Region convened for a discussion on focused foreign direct investment (FDI) planning. Hosted by JPMorgan Chase and facilitated by the Brookings Institution, the five counties of Los Angeles, Orange, Riverside, San Bernardino and Ventura shared FDI best practices for a regional, coordinated approach.
White Star Capital Canadian Venture Capital Landscape 2019White Star Capital
In this third edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few new topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we examine larger round dynamics, the continuation of the VCCI program, the rise of narwhals, and funding activity by state and region. We have also explored one of Canada's key strengths: its diversity and increased immigration influx. Finally, we end with an updated deep dive on VCs and other investors.
BGX Investment Report covering venture capital flow into the period of 2018 Q4 and market sentiment for blockchain in 2019. Note: we are not talking about discredited ICOs or cryptocurrency predictions.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
White Star Capital - Canadian Venture Capital Landscape 2018Sanjay Zimmermann
In this second edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few additional topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we look at a few new topics. We examine a few subsectors, larger round dynamics, VCCI and regional programs. We are also pleased to further explore one of Canada's key strengths: it's diversity and talent. Finally, we end with an updated deep dive on VC's and other investors making up the space.
1H2015 - The latest Cleantech Innovation and Investment Trends are hereStephen Marcus
The latest innovation and investment trends from 1H 2015 across all cleantech sectors such as renewable energy, energy efficiency, and agtech. See who is investing and what the investment trends are globally.
White Star Capital Eastern US Venture Capital Landscape 2019White Star Capital
Following in the footsteps of the reports that we have published on Canada, UK, Germany, France, Japan, and South Korea, we are delighted to share our newest report covering the NYC and US East Coast Venture Capital ecosystem. This report focuses not only on NYC but also includes Boston, which has been a long term power in the East Coast’s VC ecosystem, as well as emerging states including Florida, Georgia, North Carolina, Virginia, and the District of Columbia, each of which have had at least two companies raise mega-rounds of $100m or more.
US Venture Capital Climate 2015 including Angel Investing. The emerging disconnect between angel investors and VCs reduces returns for angels and the chance for startups to succeed.
The State of Real Estate Crowdfunding - April 2018Daniel Fetner
Real Estate Crowdfunding is democratizing access to the CRE asset class for investors, and is helping developers find creative ways to finance deals. In the attached landscape I analyzed 22 crowdfunding platforms and bucketed them into three distinct groups. In my rough estimation, here are a few statistics:
• >$7B of capital invested by Accredited Investors into Real Estate deals via these platforms
• >20,000 transactions done via these platforms
• >$1B of Venture Capital invested into these startups
Page 2 of the landscape discusses my commentary and industry trends. Please don’t hesitate to reach out with questions!
White Star Capital Canadian Venture Capital Landscape 2019White Star Capital
In this third edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few new topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we examine larger round dynamics, the continuation of the VCCI program, the rise of narwhals, and funding activity by state and region. We have also explored one of Canada's key strengths: its diversity and increased immigration influx. Finally, we end with an updated deep dive on VCs and other investors.
BGX Investment Report covering venture capital flow into the period of 2018 Q4 and market sentiment for blockchain in 2019. Note: we are not talking about discredited ICOs or cryptocurrency predictions.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
White Star Capital - Canadian Venture Capital Landscape 2018Sanjay Zimmermann
In this second edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few additional topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we look at a few new topics. We examine a few subsectors, larger round dynamics, VCCI and regional programs. We are also pleased to further explore one of Canada's key strengths: it's diversity and talent. Finally, we end with an updated deep dive on VC's and other investors making up the space.
1H2015 - The latest Cleantech Innovation and Investment Trends are hereStephen Marcus
The latest innovation and investment trends from 1H 2015 across all cleantech sectors such as renewable energy, energy efficiency, and agtech. See who is investing and what the investment trends are globally.
White Star Capital Eastern US Venture Capital Landscape 2019White Star Capital
Following in the footsteps of the reports that we have published on Canada, UK, Germany, France, Japan, and South Korea, we are delighted to share our newest report covering the NYC and US East Coast Venture Capital ecosystem. This report focuses not only on NYC but also includes Boston, which has been a long term power in the East Coast’s VC ecosystem, as well as emerging states including Florida, Georgia, North Carolina, Virginia, and the District of Columbia, each of which have had at least two companies raise mega-rounds of $100m or more.
US Venture Capital Climate 2015 including Angel Investing. The emerging disconnect between angel investors and VCs reduces returns for angels and the chance for startups to succeed.
The State of Real Estate Crowdfunding - April 2018Daniel Fetner
Real Estate Crowdfunding is democratizing access to the CRE asset class for investors, and is helping developers find creative ways to finance deals. In the attached landscape I analyzed 22 crowdfunding platforms and bucketed them into three distinct groups. In my rough estimation, here are a few statistics:
• >$7B of capital invested by Accredited Investors into Real Estate deals via these platforms
• >20,000 transactions done via these platforms
• >$1B of Venture Capital invested into these startups
Page 2 of the landscape discusses my commentary and industry trends. Please don’t hesitate to reach out with questions!
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Revenue Keys- Begur Village Survey-Sketchrevenuekeys
Find Land Survey Number View A Begur village Begur Hobli Bangalore The Revenue Department of Karnataka By The Survey Sketch Made Citizen Simple Easy to Find Survey Number,s
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
1. US Research &
Forecast Report
CAPITAL FLOWS
Q1 2015
Q1 Investment Up 45 Percent
Industrial, Apartment and Hotel sectors see strongest gains over the same period in 2014
Pete Culliney Director of Research | Global
>> Cross-border investment more than doubled (111%) this quarter
over one year prior, capturing $22.2 billion in properties across all
major types.
>> Traditionally tops in cross-border investment into the U.S.,
Canadian investors were edged out by sovereign wealth funds
from Asia, including GIC’s acquisition of the huge IndCor industrial
portfolio from the Blackstone Group.
>> Entity-level transactions made a significant jump in Q1 2015, with
$21.5 billion worth of properties acquired. This was nearly equal to
the 2014 full-year total.
Key Takeaways
>> Commercial property investment in the United States is off to a
strong start so far in 2015, with Q1 sales up 45% year-over-year
(y-o-y) on volume of $129 billion.
>> Office and apartment sales led the way with quarterly sales of
$33.5 billion and $33.0 billion, respectively. Apartments saw
stronger gains, up 68% over the same period in the prior year,
whereas office saw a 43% increase. Both types saw declines from
their Q4 2014 levels, however.
Sources: Real Capital Analytics, Colliers International
Key Colliers Transactions in Q1 2015
DATE TYPE METRO PROPERRY PRICE ($M) BUYER SELLER
Mar 15 Office Boston 100 Cambridge Street $279.8
InterContinental
Developers Inc
Commonwealth of
Massachusetts
Mar 15 Office Manhattan Two 25th Street Office Buildings $210.0 Jowa Holdings
Brickman Associates JV
DivcoWest
Feb 15 Apartment Houston
2 Communities: Avenues at
Northpointe & Avenues at Cypress
$76.0
Preferred Apt
Communities
Davis Development
Mar 15 Retail Seattle Lakeland Town Center $51.6 Donahue Schriber Loja Group LLC
Jan 15 Office East Bay Civic Center Place $39.3 Healthcare Realty Trust Berkeley Land Company
Mar 15 Industrial Gulfport Huntington Ingalls $32.0
Mississippi State Port
Authority
Avondale Enterprises Inc
Apr 15 Apartment Daytona Beach Grandeville on Saxon $30.3 Northland
LNR Partners
OBO Wachovia
2006-C24
Feb 15 Dev Site San Francisco 321-323 Fremont St $28.5 R&F Properties Crescent Heights
Feb 15 Industrial Los Angeles 1201 South Grand Avenue $26.0
Shanghai Shenglong
Investment Group Co Ltd
Rafi & Katrin & Danny &
Emanuel Shaoulian
Mar 15 Retail Las Vegas Rhodes Ranch Town Center $25.3
Del Mar
Partnership Inc
Warmington Group
Jan 15 Apartment Stillwater, OK Campus Park Student Housing $24.5 Scion Group Campus Crest
Feb 15 Retail Atlanta Sandy Springs Crossing $23.4
RCG Ventures OBO DRA
Advisors
Coro Realty Advisors JV
Pope & Land Enterprises
Jan 15 Industrial Philadelphia fmr Oxford Bookbinding $22.5 TPA-Eastland LP
Keystone Industrial
Properties
Jan 15 Office Minneapolis fmr Ameriprise Operations Center $22.4
DCI Technology
Holdings
KanAm Grund
Mar 15 Industrial Chicago Kellog's Distribution Facility $22.0
Metropolitan Life Insurance
Company
Conor Commercial.
Jan 15 Apartment Los Angeles 615-617 Ocean Avenue $15.6
Optimus Properties OBO
All West
Holdings LLC
Robert Eroen,
Successor Trustee to the
Jan 15 Retail Morgantown, WV Pierpont Centre $13.9 Wheeler REIT DDR
2. Investment Volume by Type
Investment by Type Over Time
Sources of Capital
Sources for all charts: Real Capital Analytics, Colliers International
$-
$20
$40
$60
$80
$100
$120
$140
Q1
2012
Q2 Q3 Q4 Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Billions
Investment Volume by Type
Office
Industrial
Retail
Apartment
Hotel
Land
$-
$10
$20
$30
$40
$50
$60
Cross-Border
Inst'l/Eq Fund
Listed/REITs
Private
User/other
Billions
Q1 2014 Q4 2014 Q1 2015
$-
$20
$40
$60
$80
$100
$120
$140
Q1
2012
Q2 Q3 Q4 Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Billions
Investment Volume by Type
Office
Industrial
Retail
Apartment
Hotel
Land
$-
$10
$20
$30
$40
$50
$60
Cross-Border
Inst'l/Eq Fund
Listed/REITs
Private
User/other
Billions
Q1 2014 Q4 2014 Q1 2015
$-
$20
$40
$60
$80
$100
$120
$140
Q1
2012
Q2 Q3 Q4 Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Billions
Investment Volume by Type
Office
Industrial
Retail
Apartment
Hotel
Land
$-
$5
$10
$15
$20
$25
$30
$35
$40
Office Industrial Retail Apartment Hotel Dev Site
Billions
Q1 2014 Q4 2014 Q1 2015
$-
$10
$20
$30
$40
$50
$60
Cross-Border
Inst'l/Eq Fund
Listed/REITs
Private
User/other
Billions
Q1 2014 Q4 2014 Q1 2015
0%
20%
40%
60%
80%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Domestic vs. Foreign Capital in Top
Six Markets
Domestic Foreign
2 U.S. Capital Flows Research and Forecast Report | 1Q 2015 | Colliers International
Liquidity Events Refresh Coffers
>> Industrial transaction volume, which totaled $21.0 billion in Q1
2015, saw by far the largest jump this period, up 97% from $10.6b
in Q1 2014 and 23% from $17.1 billion in Q4 2014, due entirely to
an unprecedented spike in entity-level deals. At $9.2 billion, Q1
2015 was the biggest quarter for industrial mergers since RCA
started tracking the market. The bulk of this was due to GIC’s
acquisition of the IndCor portfolio.
Private Equity Takes Profits
>> Looking to cash out, Blackstone was said to be working on an
$8 billion IPO for its industrial subsidiary IndCor Properties. But
when the Singapore Govt. Investment authority GIC Group came
knocking with $8.1 billion, the deal was done. The IndCor portfolio
consisted primarily of 360 warehouse-distribution properties
that were acquired since 2007 through over 18 transactions but
also contained a few properties that came under the Blackstone
umbrella as part of the Equity Office acquisition.
Private to Public REIT Shift
>> Private, non-traded REIT CCIT, managed by Cole Capital, also
found an exit strategy. Seemingly amassed for bulk sale, CCIT
acquired its portfolio of industrial and office properties between
2012 and 2014, including over $2 billion in property acquisitions in
2013. The bulk of these were single properties and small portfolios
purchased from local developers. Once critical mass was
achieved, buyer Select Income REIT stepped in for the entity-level
acquisition. They were able to bring the ownership to the public
market with the assistance of $1.45 billion in unsecured senior
notes due between 2018 and 2025.
3. 3
Sources for all charts: Real Capital Analytics, Colliers International
Investment into the Top Six Metros
3 U.S. Capital Flows Research and Forecast Report | 1Q 2015 | Colliers International
Volume in Millions of $
Volume in Millions of $
*2015 YTD
Cross Border Investors Jump In
>> Cross-border investors drove investment gains so far this year,
capturing $22.2 billion in properties across all major types. This
was up 111% from $10.5 billion a year prior.
>> While representing just 17% of deal activity this quarter, the $22.2
billion in transaction volume was well above the cross-border
segment’s historical 10% share of the total pie. However, this may
have reflected deals being worked on in late 2014 that did not
close before year’s end, as the Q4 2014 share was unusually low
at only 7%. Combined, the foreign share over the last two quarters
amounted to 12.3%, down just slightly from the 12.5% share
registered over the same period a year ago.
>> Approximately 50% of the $8.2 billion invested in Manhattan
by cross-border investors came from two transactions: the
$2.0 billion purchase of the Waldorf-Astoria Hotel by Chinese
insurance company Anbang and the $2.2 billion acquisition of
1.1 million square feet (MSF) at 1095 Sixth Avenue in Midtown
Manhattan by the institutional investment manager of the Quebec
government.
>> The bulk of the investment in Hawaii was by the Australian
Superannuation Fund purchasing a 25% share of the Ala Moana
Center, the largest mall in Hawaii, in something of a value-add
play. This transaction valued the entire center at $5.5 billion, with
the fund paying $907 million now and another $236 million in
2016 following the completion of a redevelopment that will add
66,000 SF to the current 2.2 MSF of retail and office space.
>> Despite historically averaging only about 10% of property
investment in the U.S., cross-border investors tend to have
a higher profile and seem to create a bigger splash than this
proportion would indicate. We attribute this to the focus that
these investors have on the biggest markets. On average, foreign
investors place more than 60% of their investments in the top six
metros – New York City, Boston, Washington, D.C., Chicago, San
Francisco and Los Angeles – compared to domestic investors who
place on average approximately 40% of their funds into these prime
metros. Additionally, foreign investors often target trophy assets for
which high pricing often brings outsized press coverage and media
attention that heightens the perception of a cross-border takeover.
Top Market Destinations
MARKET TOTAL PROPS TOTAL VOLUME
Manhattan 27 $8,198.70
D.C. 7 $1,662.30
Hawaii 5 $1,390.40
Atlanta 32 $985.90
Los Angeles 28 $888.00
San Francisco 13 $854.80
Houston 14 $823.10
Miami 18 $781.90
Chicago 26 $761.40
Other 561 $15,314.10
Total 731 $31,660.50
Top Countries of Origin
COUNTRY TOTAL PROPS TOTAL VOLUME
Singapore 361 $8,218.50
Canada 134 $6,659.60
China 19 $2,983.00
Germany 14 $1,812.10
Australia 15 $1,804.40
UAE 35 $1,788.40
Brazil 11 $1,140.00
Norway 2 $937.00
Switzerland 23 $834.40
Other 117 $5,483.10
Total 731 $31,660.50
2
Q2 Q3 Q4 Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
estment Volume by Type
Office
Ind
Retail
Apartment
Hotel
Land
$-
$5
$10
$15
$20
$25
$30
$35
$40
Office Industrial Retail Apartment Hotel Dev Site
Billions
14Q1 14Q4 15Q1
$-
10
20
30
40
50
60
Cross-Border
Inst'l/Eq Fund
Listed/REITs
Private
User/other
14Q1 14Q4 15Q1
0%
20%
40%
60%
80%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Domestic vs. Foreign Capital in Top
Six Markets
Domestic Foreign
2015*
*till 5/28/15