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New Players Poised to Enter the Field

NEW YORK CITY-Would-be investors who sat out 2009 could be prepared to make their first acquisitions this year, says Real Capital Analytics.

By Paul Bubny | Updated on January 08, 2010

NEW YORK CITY-Even as the ranks of active commercial real estate investors thinned drastically in 2009 compared to the market’s peak, the field of newcomers gathering on the sidelines began to widen. So says Real Capital Analytics, which predicts that 2010 could be the year these new players come off the bench.

“Although few new players pulled the trigger and bought an asset last year, many more were out raising capital or just waiting for the right opportunity,” according to the latest issue of RCA’s US Capital Trends newsletter. “The growing number of bidders being reported by brokers recently is evidence that many have raised the capital and may now be ready to invest.”

Among those newcomers that have been actively buying, high net worth individuals dominate, with some foreign entities, RCA says. Overseas investors made just under $1 billion of US commercial acquisitions in ’09, led by Dutch healthcare pension fund PGGM. Compared to previous years, the field of new foreign players was “a smattering,” RCA says.

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