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In Private Equity Game, Play Up Core Assets

NEW YORK CITY-Healthcare, multifamily and industrial properties are the best bet, panelists said at a ULI conference on Wednesday afternoon.

By Jacqueline Hlavenka | Updated on June 23, 2011

NEW YORK CITY- With an abundance of private equity capital flooding the marketplace this year, institutional investors, REITs, foreign entities and high-net worth investors are placing their chips on core assets, panelists agreed at the Urban Land Institute’s “Private Equity Capital: Raising, Accessing, Investing, Connecting” panel discussion during ULI’s “Real Estate Finance and Investment 2011” conference at the Sheraton New York Hotel in Midtown Manhattan.

Participants from the industry’s top firms–like Blackstone Real Estate Advisors, Clarion Partners, Jones Lang LaSalle, Apollo Global Real Estate and American Realty Capital--said due to the decline in the US construction market, distressed asset opportunities not only exist in America’s gateway cities, but also in emerging secondary and tertiary markets with high growth potential as well.

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