2010AWARDS & AnnuAL REVIEW - PERE

Senior Editor, Real Estate
Erik Kolb +1 646 380 6194, erik.k@peimedia.com
Editor, PERE
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Editor, PERENews.com
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On the road
to recovery
Welcome to PERE’s first annual Awards &
Annual Review issue. While this is not the
first time we have had an annual review
issue nor is it the first time we have published
an awards issue, this is the first time
we have joined the two efforts together in
one publication. Much like the industry we
cover, we are consolidating as well.
When you think about it, having one publication
for both special features makes a lot
of sense. Our annual review used to come
out with the December issue, which meant that any industry events
that happened after the US Thanksgiving holiday did not make it
into the review issue. For 2010, that would have meant missing out
on several big news items, including the fact that CBRE Investors
was likely to acquire ING REIM (which it officially did this year).
With regards to awards, our coverage of the winners used to be
just a special section in the March issue. Now, we have more room
to really give our awards the full effort they deserve (not that we
ever gave anything less) and leverage off of the wealth of content
from our annual review.
First up in the new Awards & Annual Review issue are the results
of the 2010 Global PERE Awards, where we provide a brief look at
the people, firms and deals that the industry deemed the best of the
best in 2010. Divided into our three coverage regions as well as a
global section, these awards garnered thousands of votes from the
readers of PERE and PERENews.com around the world. Check out
the complete list of winners on p. 6 and mini profiles of those winners
starting on p. 8.
Then, dive into the Annual Review as we look back at the key
issues of 2010: the rush to core assets, the shift in power from GPs
back to LPs and the shakeout among investment managers and
private real estate firms, to name a few. We also revisit our various
PERE Roundtables, re-examine some of the best Blueprint interviews
we conducted in 2010 and take you on a pictorial tour of our
four PERE Forums. Most importantly, we chronicle the year’s top
stories from the Americas, Europe and Asia and kick it all off with a
global preview of private equity real estate for 2011 on p. 26.
Reading back through the pages of this publication, it is clear
that the private equity real estate industry was on its way to recovery
in 2010. And if the momentum from the end of last year carries
through to the rest of 2011 – as it has in the first couple of months
so far – this year could be a true turning point for the private real
estate industry.
Enjoy the review,
Erik Kolb
Senior Editor, Real Estate
PERE and PERENews.com
erik.k@peimedia.com
editor’s letter
2010 AwArds & AnnuAl review | PERE 1