trends in real estate private equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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    What strategy (ies) in 2013 will be the most lucrative for

    deploying capital in 2013 (choose all that apply)?

    0 10 0 30 40 50 60

    vt38.5

    B ts44.6

    vt ts6.

    ts1.3

    C4.6

    N-44.6

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    Source: Ernst & Young LLP

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    Global market outlook: Trs i r stt privt uity 5

  • 7/27/2019 Trends in Real Estate Private Equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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    Source: Ernst & Young LLP

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    Risks for real estate funds

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    Source: Ernst & Young LLP

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    Global market outlook: Trs i r stt privt uity 11

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  • 7/27/2019 Trends in Real Estate Private Equity

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    Global market outlook: Trs i r stt privt uity 13

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    tx utts y t sutz

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    kladd[`Yjlaf_gjj]faf_l`]ajgn]jYddeYjc]l%]fljqkljYl]_a]k&

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    14

    y tx csirtis r rstt us

    b >mf\kg^l]f`Yn][gehd]p[jgkk%hjgegl]Yf\[dYoZY[c

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    t -tzt.

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    t tt u y su ts.

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    u sss x ts vss t su ty

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    utu uts y vsts. J]Yd]klYl]^mf\k`Yn]Z]]fYf\oaddaf[j]Ykaf_dqZ]kmZb][llg

    tx uts s tx utts t tx vus.

    UT U ss t tu st t ut tx v

    t t -vu st ty tsts. T

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    g[[mjjaf_$ZmlafZja]^$l`]j]Yj]l`j]]hjghgk]\[`Yf_]klgl`]lYpus tt y t v t stt us vst

    afj]ka\]flaYdhjgb][lk&

    )& 9KlYeh

  • 7/27/2019 Trends in Real Estate Private Equity

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    15

    US MK^mf\kYj]af[j]Ykaf_dqmkaf_J=ALkafl`]ajkljm[lmj]k

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    Source: Ernst & Young LLP

    What were the areas of focus for the tax audit?

    T tstutu uty/t

    .6

    Bt54.8

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    s16.1

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    sy6.5

  • 7/27/2019 Trends in Real Estate Private Equity

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    16

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    vy vuz t ys vs. y

    stt ts ssus ts ts

    \ak[mkk]\afl`] gddgoaf_k][lagfk&

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    to emerging markets (choose all that apply)?

    0 10 0 30 40 50 60 70 80

    s-P33.

    st4.8

    Sut 11.3

    Nt us ts 61.3

    3.

    Source: Ernst & Young LLP

  • 7/27/2019 Trends in Real Estate Private Equity

    19/24

    Global market outlook: Trs i r stt privt uity 17

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    t s vsts.

  • 7/27/2019 Trends in Real Estate Private Equity

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    18

    Russi

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    v.

  • 7/27/2019 Trends in Real Estate Private Equity

    21/24

  • 7/27/2019 Trends in Real Estate Private Equity

    22/24

    20

    Ci

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  • 7/27/2019 Trends in Real Estate Private Equity

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  • 7/27/2019 Trends in Real Estate Private Equity

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    Erst & u

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