EY releases 2013's 'Global Market Outlook: Trends in Real Estate Private Equity'

By Marc Castro

Nov 07, 2013 12:26 PM EST

According to the publication Global Market Outlook: Trends in Real Estate Private Equity, the emergence from recession and its consequent effects signals the real estate private equity sector position for growth in 2014. The said report was published by EY.

The report quoted EY's Global Real Estate Fund Services Leader Mark Grinis, who said, "Five years on and following a long recovery, global real estate is now entering a broad up-cycle and having learned some important lessons during the downturn, private equity funds are heading down a path toward growth. What remains to be seen is if they are in for a brisk morning walk or just a Sunday stroll."

EY estimated that 425 funds participate in the market on a regular basis. The top 10 funds attract nearly half of all investment capital. This leaves nearly 400 funds fighting over the remaining half of the total market volume. On this, Grinis added, "Investors are very much in the driver's seat when it comes to new allocations. Today's a successful funds broaden their offerings and react to investors' desires for acceptable fees, proven deal flow, superior performance and a strategic approach."

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