| Foreign interest in Turkish real estate still growing | | Posted Tuesday, February 06, 2007 1:08:55 PM by Blog57 Team | | Turkey's real estate market is flourishing under domestic interest alone, but foreign investment is adding to the boom, with some forecasting as much as 5 billion euros of direct foreign investment in the Turkish real estate sector during the year 2007. Representing Turkey at a real estate summit Real Estate Investment Partnership Association former President Haluk Sur said that the interest and quality of foreign investors attending such summits has grown each year. He noted that even those who had not been content with earning 13 percent annually on their investments in commercial real estate are now making do with 7 percent just to remain part of this attractive market, Sur noted. The head of the research department at international consulting firm Cushman & Wakefield's, David Hutchings, said that they forecast 5 billion euros of direct foreign investment in the Turkish real estate sector during 2007.... | |
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| | | BRIEFING - ASIA REAL ESTATE - FEB 1, 2007 | | Posted Thursday, February 01, 2007 3:06:54 PM by Blog57 Team | | Foreign and domestic investment funds are plowing money into Japanese real estate in pursuit of higher returns, with U.S. financial services firm Morgan Stanley slated to invest up to 2 trillion yen (US$16.4 billion) and local players increasing their managed assets nearly 50 per cent over the past year. Tokyo land prices are at a discount compared with those in London and New York. PAKISTANI, S KOREAN FIRMS TO INVEST US$500 MLN IN CONSTRUCTION SECTOR LAHORE - Chosun Construction of South Korea and Shafsal Limited of Pakistan will jointly invest US$500 million to develop various commercial and residential projects in Pakistan. Addressing a joint press conference at Lahore Press Club on Saturday Myung Kim, Chief Executive of Chosun Construction and Muhammad Saleem Bhatti, Chief Executive of Shafsal Limited, informed the media that both sides had agreed to jointly develop various projects, including residential complexes, shopping malls, country clubs, fitness centers in Lahore and Islamabad.... | |
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| | | Retirement Residences Real Estate Investment Trust Receives ... | | Posted Saturday, January 13, 2007 1:16:47 PM by Blog57 Team | | MISSISSAUGA, ONTARIO -- (MARKET WIRE) -- January 12, 2007 -- Retirement Residences Real Estate Investment Trust ("Retirement REIT") (TSX: RRR.UN)(TSX: RRR.DB.B)(TSX: RRR.DB.C) announced today that the Public Sector Pension Investment Board ("PSPIB") has confirmed the receipt, on terms satisfactory to it, of all the regulatory consents, waivers, approvals or authorizations which are a condition to the take-over offer made by PSPIB. PSPIB has made an offer to acquire all of the issued and outstanding units of Retirement REIT at a price of $8.35 cash per unit. The offer is open for acceptance until 5:00 pm EST on January 15, 2007, and remains subject to customary conditions including the tender of at least 66 2/3% of units and the absence of a material adverse effect with respect to Retirement REIT.... | |
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| | | Second Annual Boot Camp for Dentists Promises to Get to the Root of High-Return Real Estate Investment | | Posted Thursday, January 11, 2007 3:11:19 PM by Blog57 Team | | Recent American Dental Association figures indicate that only 6 percent of dentists nationwide retire comfortably at age 60. To help the other 94 percent achieve their retirement goals, investment expert Jerry Jones is running a real estate boot camp Feb. 16-18 in Scottsdale, Ariz. Many dentists incorrectly believe, according to Jones, that the big money in retiring from dentistry is in the sale of their solo practices. He adds that the number of practices being purchased has dropped 10 percent in the past few years. And the odds of a dentist having a buyer for his or her practice are getting worse: 25 percent of new dentists are buying 75 percent of the start-up practices. In other words, three of four new dentists are starting from-scratch practices. The Extreme Income Explosion II Real Estate Boot Camp for Dentists will feature: -- The nation's top trainers and "in-the-trenches" real estate millionaire/experts, including Jones, Ron LeGrand(R) and Ted Thomas(TM) -- Successful dentist/participants from last year's event - which attracted more than 170 attendees - sharing their experiences -- Q&A with panel of expert real estate investor dentists on how to balance the businesses of dentistry and real estate investing -- In-depth case studies of actual deals - both current and completed - rehabbing houses, bare land and condo/marina developments, subdivisions, industrial properties -- How to invest in housing foreclosures and tax certificates, plus Roth IRA and Roth 401(k) real estate investing strategies Tuition is $2,995 through Jan.... | |
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| | | Considerations in the Design and Construction of Investment Real ... | | Posted Wednesday, December 13, 2006 1:20:32 PM by Blog57 Team | | This paper surveys some of the major technical issues in the design and construction of real estate research indices, both appraisal-based and transactions-based. The paper considers property sampling issues, differences between transaction prices, market values, and appraised values, the trade-off between random measurement error and temporal lag bias, optimal reporting and property revaluation frequencies, and the uses and limitations of modern statistical techniques. Although one of the conclusions of the analysis is that most research questions are best addressed with transactions-based, rather than appraisal-based, indices in the United States, the paper suggests how appraisal-based indices can still be useful for some research purposes. The past decade has seen the development of technological and information advances that hold great potential for moving investment real estate performance measurement to a new level of accuracy and usefulness for the industry.... | |
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| | | Real estate market addressed | | Posted Wednesday, November 15, 2006 1:12:04 PM by Blog57 Team | | Real estate investors are paying more for less value, but the market is expected to produce average or above-average returns into the next year. That was the message during "Emerging Trends in Real Estate 2007," a conference presented by the Philadelphia District Council of the Urban Land Institute, also known as ULI. "What the conference is really all about is where the industry has been and where it is going in the next year," said Kenneth P. Balin, chairman of the district council. The ULI promotes responsible land use worldwide and provides information for creating sustainable communities, according to Balin. More than 550 regional real estate leaders attended the event Tuesday at the Union League here. Panelists addressed the suburban and urban residential markets, the office/industrial market, as well as the retail and hotel sectors from the regional perspective.... | |
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| | | Boardwalk Real Estate Investment Trust Q3 Earnings Increase; Raises FY06 Guidance, Guides FY07 - Quick Facts | | Posted Wednesday, November 15, 2006 11:21:58 AM by Blog57 Team | | (RTTNews) - Boardwalk Real Estate Investment Trust (BEI_U.TO) reported third quarter net earnings of C$7.5 million or C$0.13 per unit, compared to C$2.9 million or C$0.06 per unit in the prior year quarter. Funds from operations were C$26.9 million or C$0.48 per unit, compared to C$21.8 million or C$0.41 per unit in the same quarter of last year. Revenues for the quarter rose 8.9% to C$81.1 million from C$74.5 million in the year ago quarter. Looking ahead for 2006, the company now expects funds from operations to be in the range of C$1.55 - C$1.62 per unit, compared to prior guidance of C$1.37 - C$1.46 per unit. Boardwalk now anticipates distributable income to be in the range of C$1.57 to C$1.64 per unit from prior outlook of C$1.41 - C$1.51. For 2007, the company expects funds from operations to be between C$1.85 and C$2.00 per unit and targets distributable income to be in the range of C$1.87 to C$2.02 per unit.... | |
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| | | Real estate prices continue to rise | | Posted Tuesday, November 14, 2006 11:43:27 AM by Blog57 Team | | China's real estate prices maintained their robust growth last month, but the number of transactions involving foreign institutional investors declined due to restrictions on overseas investment. Property prices in China's 70 large- and medium-sized cities rose 5.4 per cent in October, 0.1 percentage points higher than August's rise, the National Development and Reform Commission (NDRC) said in a statement yesterday. The sales prices of high-end and ordinary residential buildings saw year-on-year rises of 7.7 per cent and 6.4 per cent, up 0.7 and 0.1 percentage points compared to last month. Beijing witnessed the biggest price rise, with year-on-year growth of 10.7 per cent, while Shanghai saw its prices drop 0.6 per cent compared to the same period last year. Influenced by a government rule restricting foreign investment in the real estate sector, the number of transactions involving foreign institutional investors declined recently, according to a report by US-based consulting firm CB Richard Ellis (CBRE).... | |
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| | | Morgan Stanley, Win or Lose, Gets Biggest Fees for Real Estate | | Posted Monday, November 13, 2006 7:29:06 AM by Blog57 Team | | Nov. 13 (Bloomberg) -- Earlier this month, the Washington State Investment Board, which manages pensions for more than 435,000 public employees, got some bad news as it considered investing in Morgan Stanley's $8 billion real estate fund. ``The bottom line is they've got a higher fee structure,'' Michael Humphrey, a consultant advising the state, told an eight- member committee at the retirement board's red brick headquarters in Olympia, Washington. ``Are people who are working for a fee simply ramping up the dollar amount of the fund to obviously enhance the level of fees?'' Across the foyer in a conference room, Morgan Stanley's Jay Mantz, Sonny Kalsi and John Kessler had reason to be confident the state was about to give them $440 million. The slumping U.S.... | |
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| | | NBK, real estate fund | | Posted Sunday, November 12, 2006 7:36:12 AM by Blog57 Team | | The National Bank of Kuwait has launched the shariah compliant Islamic European Real Estate Fund. The euro denominated fund is a long-term investment vehicle designed to achieve an expected internal rate of return of 12-15% per annum; investments will be made in a portfolio of office, retail, warehouse and residential properties with an emphasis on the German market. Subscription ends on November 23 and the minimum investment is 250,000 euros. .... | |
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