Emerging Trends in Real Estate 2012 - Urban Land Institute
Emerging Trends in Real Estate 2012 - Urban Land Institute
Emerging Trends in Real Estate 2012 - Urban Land Institute
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<strong>Emerg<strong>in</strong>g</strong><br />
<strong>Trends</strong><br />
<strong>in</strong> <strong>Real</strong> <strong>Estate</strong> ®<br />
Contents<br />
1 Executive Summary<br />
20<br />
12<br />
2 Chapter 1 Fac<strong>in</strong>g a Long Gr<strong>in</strong>d<br />
4 Where Is Demand<br />
6 “Too Many Jobs Headw<strong>in</strong>ds”<br />
7 Low Interest Rate Medic<strong>in</strong>e, Cap Rate Caution, Inflation Bailout<br />
7 Ebb<strong>in</strong>g Return Expectations<br />
8 Transaction Markets Regear<br />
9 (Multifamily) Development Resumes<br />
9 Government Disarray<br />
9 Improv<strong>in</strong>g Profitability<br />
11 Best Bets <strong>2012</strong><br />
14 Chapter 2 <strong>Real</strong> <strong>Estate</strong> Capital Flows<br />
18 Banks<br />
18 Insurers<br />
19 CMBS<br />
22 Mezzan<strong>in</strong>e Debt and Preferred Equity<br />
22 Wall Street Opportunity Funds<br />
22 REITs<br />
23 Pension Funds<br />
23 Nontraded REITs, High-Net-Worth Investors, Local Operators<br />
24 Foreign Investors<br />
26 Chapter 3 Markets to Watch<br />
30 The Top 20<br />
38 Other Major Markets<br />
40 Other Market Prospects<br />
42 Chapter 4 Property Types <strong>in</strong> Perspective<br />
43 Slow Progress<br />
46 Apartments<br />
48 Industrial<br />
50 Hotels<br />
52 Office<br />
54 Retail<br />
56 Hous<strong>in</strong>g<br />
58 Chapter 5 <strong>Emerg<strong>in</strong>g</strong> <strong>Trends</strong> <strong>in</strong> Canada<br />
59 Investment <strong>Trends</strong><br />
62 Capital Markets<br />
64 Markets to Watch<br />
68 Property Types <strong>in</strong> Perspective<br />
73 Best Bets<br />
74 Chapter 6 <strong>Emerg<strong>in</strong>g</strong> <strong>Trends</strong> <strong>in</strong> Lat<strong>in</strong> America<br />
75 Brazil Arrives<br />
76 Mexico No Go<br />
77 Other Markets: Colombia Draws Interest<br />
78 Interviewees<br />
<strong>Emerg<strong>in</strong>g</strong> <strong>Trends</strong> <strong>in</strong> <strong>Real</strong> <strong>Estate</strong>® <strong>2012</strong><br />
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