Foreign Exchange

Investor capital flows grow to unlisted REITs continue in 2011 (up 3.1 percent to just over $ 8.3 billion) after a dramatic increase of 36 percent in 2010. Although the amount raised this year under the high water mark of U.S. $ 9800000000 was won by new capital in 2008, we are confident of reaching unlisted REITs and exceed, the amount of the fund-raising records in the coming years, said Kevin Hogan, President and Chief Executive Officer of the Investment Program Association (IPA), an industry trade group for direct investment. Kevin Gannon, Managing Director agreed to Stanger. Growing acceptance of asset allocation, retirement financing the migration of employers to the individual, the focus of pre-retirees and retirees on income-oriented investments and the attractiveness of inflation-resistant income for active retirees fundamental drivers of the REIT industry is not listed said Gannon. Support his belief in a secular shift in the construction of middle-income portfolio by this American is the fact that non-publicly traded REIT fund in 2011, despite reporting a decline in ratings, the property values, that after the bubble burst in 2007 has been increased to reflect increase.

attraction unlisted REITs are also improved by the positive prospects for property investment fundamentals. Although short-term economic growth even through the slow recovery, occupancy and rental rate trends, limited encouraging, says Martel Day, Chairman of the IPA. Low cost debt records for real estate buyers and expectations of attractive acquisition opportunities for the hundreds of billions of dollars in funding because of the CMBS came in the next few years suggests extraordinary buying opportunity may be at hand.

other sectors that contribute to the fundraising this year, the growth of the leasing program, the $ 205 million is raised from 9.1% in 2010. Driver: tight credit markets market today offer the potential return of the premium for the owner of the leased equipment to the customer.

Registered, Non-Listed REITs and BDCs are specified in the table.

While most industry participants believe that the long-term demand for the DPP, non-traded REITs and BDCs, time and amount of growth is expected to remain a topic of debate in the industry. Two wild cards, that is the structure and the type of investment over the next few years were not returned, said Allaire. The first is the upcoming rule change by the Financial Industry Regulatory Authority (FINRA), which are shown on the assessment of the accounting for these securities during the offer period, will be affected. The second is the emergence of a new product structure is to offer investors greater liquidity and daily assessments. Several times daily NAV product, what you just start raising funds, the jury still at the height of their success, said Gannon.