Proven private equity real estate investing strategies The subprime fallout and credit crisis have triggered a major transition in U.S. real estate. With tightening lending and underwriting standards, speculative investments and construction projects are likely to limited, resulting in constrained supply and healthier fundamentals over the long term. Looking forward, market participants anticipate that the coming years will be fraught with challenges as well as opportunities. Active Private Equity Real Estate Strategy is a collection of abridged market analyses, forecasts, and strategy papers from the ING Clarion Partners' Research & Investment Strategy (RIS) group. Divided into two comprehensive parts, this practical guide provides you with an informative overview of real estate markets, forecasts, and recent trends in part one, and presents specific active strategies in private equity real estate investing in part two. Includes a simulation of the economy in recession and the expected effects on the commercial real estate industry Offers examples of portfolio analysis and recommendations using ING Clarion's forecasts and Modern Portfolio Theory Focuses on multifamily, hotel, land, and industrial investments Demonstrates the use of the various tools available to the private equity real estate investor Written with both the individual and institutional real estate investor in mind, this book offers specific private equity strategies for investing in real estate during volatile times.

Proven private equity real estate investing strategiesThe subprime fallout and credit crisis have triggered a majortransition in U.S. real estate. With tightening lending andunderwriting standards, speculative investments and constructionprojects are likely to limited, resulting in constrained supply andhealthier fundamentals over the long term. Looking forward, marketparticipants anticipate that the coming years will be fraught withchallenges as well as opportunities.Active Private Equity Real Estate Strategy is acollection of abridged market analyses, forecasts, and strategypapers from the ING Clarion Partners' Research & InvestmentStrategy (RIS) group. Divided into two comprehensive parts, thispractical guide provides you with an informative overview of realestate markets, forecasts, and recent trends in part one, andpresents specific active strategies in private equity real estateinvesting in part two.* Includes a simulation of the economy in recession and theexpected effects on the commercial real estate industry* Offers examples of portfolio analysis and recommendations usingING Clarion's forecasts and Modern Portfolio Theory* Focuses on multifamily, hotel, land, and industrialinvestments* Demonstrates the use of the various tools available to theprivate equity real estate investorWritten with both the individual and institutional real estateinvestor in mind, this book offers specific private equitystrategies for investing in real estate during volatile times.

Preface ixDisclaimer xiiiAcknowledgments xvAbout the Authors xviiPART ONE Market Analysis and Forecasts 1CHAPTER 1 Overview of the U.S. Real Estate Market 3Tim Wang and David LynnCHAPTER 2 Forecasting the U.S. Market 19David LynnCHAPTER 3 Recession Simulation and Its Effects on Real Estate 25Tim Wang, Alison Sauer, and David LynnCHAPTER 4 Subprime Fallout: The Impact on Commercial Real Estate 41Tim Wang and David LynnCHAPTER 5 Capital Markets: Dramatic Shifts and Opportunities 47David Lynn and Tim WangCHAPTER 6 The Bid-Ask Problem and Game Theory 53Jeff Organisciak, Tim Wang, and David LynnPART TWO Active Strategies 67CHAPTER 7 Residential Land Investment 69Bohdy Hedgcock and David LynnCHAPTER 8 The U.S. Hotel Market and Strategy 103Tim Wang, Matson Holbrook, and David LynnCHAPTER 9 Global Gateway Industrial Market Investment 125Bohdy Hedgcock and David LynnCHAPTER 10 The Opportunity in Senior Housing 159Tim Wang and David LynnCHAPTER 11 Active Portfolio Management Using Modern Portfolio Theory 187David Lynn and Yusheng HaoCHAPTER 12 Derivatives in Private Equity Real Estate 217Jeff Organisciak, Tim Wang, and David LynnCHAPTER 13 Opportunities in Infrastructure Investment 239David Lynn and Matson HolbrookAPPENDIX A Typical Land Development Pro Forma Analysis--Three Scenarios 247APPENDIX B U.S. Hotel Chain Scales 253APPENDIX C Modern Portfolio Theory in Real Estate Portfolio Analytics 257APPENDIX D Commercial Real Estate Indexes 259APPENDIX E Example NPI Forecast Methodology 263Selected Bibliography 265Index 267