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CRE Survey Shows Domestic Phenomenon

NEW YORK CITY-A survey of commercial real estate executives indicates they are more likely to invest in their home country, according to speakers at KPMG LLP’s and Goodwin Procter’s “Forming Real Estate Funds in Today’s Environment” seminar Wednesday evening.

By Jacqueline Hlavenka | Updated on January 26, 2012

NEW YORK CITY-They say all politics is local, and now, real estate is going local, too. Results from a new survey of commercial real estate investors say they are more likely to invest in their home country rather than overseas, according to KPMG LLP’s and Goodwin Procter’s “Forming Real Estate Funds in Today’s Environment” seminar at 345 Park Ave. on Wednesday evening.

According to data from Prequin, a real estate research firm, North America shows $87 billion in closed-end private real estate dry powder, while Europe has $38 billion and Asia holding the line at $34 billion, respectively, as of November 2011. While more investors are trending toward America for core office, retail and multifamily assets, panelists agreed that private equity in general is staying within their own borders.

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