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Real Estate Multi-Manager

Library

Our library is a repository for our views on global real estate investing and relevant research articles.

Each quarter, we publish a global outlook entitled "Our View." All issues of "Our View" are currently wrtten by Ed Casal, our Chief Investment Officer, or Russ Bates, Portfolio Manager, both officers of Aviva Investors North America, Inc. Issues prior to the fourth quarter of 2008 were written while they were principals of Madison Harbor Capital, LLC.*

Current Outlook: Errors: Portals of Discovery

The third quarter of 2009 continues a particularly difficult period for real estate globally as demand for real estate of all types has declined in the face of a global economic slowdown and rising unemployment. This quarter we provide a few direct quotes we've excerpted from recent real estate fund manager reports, so you can feel, without interpretation, the tone of the market. We then focus in on a few key take-aways from the current downturn that we believe may lead to greater risk mitigation going forward.
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Archive: Our View | Thoughts from the Global Real Estate Multi-Manager Team
Into the maelstrom 2nd Quarter 2009
Brace for Impact 1st Quarter 2009
Financial Myopia that Led to this Crisis 4th Quarter 2008
Sounding for the Bottom 3rd Quarter 2008
Watershed Events 2nd Quarter 2008
Economic events move beyond central bank control - commercial real estate repricing begins 1st Quarter 2008
Cross-currents and Investing Challenges 4th Quarter 2007
Liquidity Crisis: A Return to Rationality 3rd Quarter 2007
Correction in the credit market resulting in tightened loan underwriting standards 2nd Quarter 2007
Has excess liquidity in the capital market created a commercial real estate value "bubble" ? 1st Quarter 2007
U.S. single family housing sector has peaked and is in rapid decline 4th Quarter 2006
Commercial real estate fundamentals continue to improve even though the housing sector is falling and the U.S. economy is slowing 3rd Quarter 2006