REAL CAPITAL MARKETS Session C3: Real estate investment in an - - PowerPoint PPT Presentation
REAL CAPITAL MARKETS Session C3: Real estate investment in an unpredictable environment: the perspectives of pension funds, REITs & private equity funds Sponsored by CIBC INTRODUCTIONS MODERATOR: Jeff Thomas , Managing Partner, Ashlar
MODERATOR:
Jeff Thomas, Managing Partner, Ashlar Urban Realty Inc.
PANEL:
Peter Cuthbert, Senior Vice President & Partner, Fiera Properties Jonathan Gitlin, Senior Vice President, Investments, RioCAn REIT Steven Gross, Managing Partner, Real Estate Investments, Romspen Investment Corporation Tony Vadacchino, Vice President, Investments, Oxford Properties Group Inc.
“Blackstone Buying US Centers from Riocan for $1.9B – Bloomberg, Dec. 18, 2015 “Canadian building permits jump on plans for multi-family homes” - Globe, Jan18, 2016 “Canadian Real Estate feels the love from foreign buyers” – Reuters January 25, 2016 “Artis REIT Seeking Sale of Alberta Office Towers” – Bloomberg, January 29, 2016 “Canadian’s love affair with Manhattan real estate seems unabated” – Reuters, Feb 5 2016 “Calgary takes stock of grim landscape a year after oil downturn” – The Star, Feb 8, 2016 “Chinese company purchases Bentall Centre’s Four Towers” – Vancity, February 18, 2016 “Dream jumps most in 7 years on plan to sell $1.2B and cut payout” - FP, Feb 19, 2016 “CF Promenade on the block” – Toronto Star, Feb 22, 2016
$0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Total $ Volume
0% 1% 2% 3% 4% 5% 6% 7% 8% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
5 Yr. Bond Avg. Apartment
258 8 bp 470 0 bp
$ $2 $4 $6 2010 2011 2012 2013 2014 2015
Billions
$0 $2 $4 $6 $8 2010 2011 2012 2013 2014 2015
SENIOR UNSECURED DEBT ISSUANCE & MATURITY ($BILLIONS)
MODERATOR:
Jeff Thomas, Managing Partner, Ashlar Urban Realty Inc.
PANEL:
Peter Cuthbert, Senior Vice President & Partner, Fiera Properties Jonathan Gitlin, Senior Vice President, Investments, RioCAn REIT Steven Gross, Managing Partner, Real Estate Investments, Romspen Investment Corporation Tony Vadacchino, Vice President, Investments, Oxford Properties Group Inc.