NREI_INSTITUTIONAL OUTLOOK_ Penton Media October 5, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/747 ONLINE EXCLUSIVE --Investors Are Flying High Over Infrastructure Deals By Ben Johnson Investing in infrastructure has become a popular strategy for institutional investors wanting to diversify their portfolios, even as they grapple with a challenging economy and turmoil in the capital markets. These infrastructure projects involve transportation, energy and telecommunications. According to Preqin, a private equity researcher with offices in New York and London, private investment funds, primarily financed with institutional money, have raised $115.2 billion to invest in global infrastructure projects since 2003. And that figure could nearly double in the future. As of June 2009, the number of funds on the road raising money was at record levels, with 94 funds seeking to raise $96.8 billion on a global basis, making infrastructure investing one of the fastest-growing types of private equity fund types in recent years. To view the full article go to: http://nreionline.com/finance/news/infrastructure_deals_1005/ CAPITAL TRENDS --Cap Rate Spreads: Indicator of Opportunity? By David Lynn, Ph.D. The cap rate spread over the 10-year Treasury yield is normally positive, reflecting the additional risks inherent in real estate assets (Exhibit 1). The risk premium is generally considered necessary to compensate for liquidity, leasing and tenant credit risk. This risk premium component fluctuates depending on the outlook for the commercial real estate market. We believe this spread can serve as a rough gauge of the relative value of the real estate market. To view the full article go to: http://nreionline.com/finance/news/david_lynn_cap_rate_spreads_1005/ INSTITUTIONAL TIDBITS --High-Profile Consortium Buys Majority of BBVA Spanish Property Assets in Sale-Leaseback Staff report A consortium of RREEF Alternative Investments, AREA Property Partners and Europa Capital has completed the acquisition of a significant majority of Spanish property assets owned by Banco Bilbao Vizcaya Argentaria (BBVA). The assets, comprising three landmark office assets and 944 bank branches located throughout Spain, will be leased back to BBVA. The purchase price was not disclosed. "This transaction provided an excellent opportunity to acquire, for our collective investors, quality assets with a strong cash flow from a very highly rated tenant, remarked Ismael Clemente, head of RREEF Spain, in a prepared statement. "It significantly builds on RREEF's presence in the Spanish real estate market." To view the full article go to: http://nreionline.com/finance/news/institutional_tidbits_1005/ RESEARCH --Annual Green Building Survey, Chance to Win Gift Card Staff report National Real Estate Investor is once again investigating trends in the development and use of Green Buildings. Whether you own, develop or lease green buildings or not, we would like to include your opinions as an industry professional and valued National Real Estate Investor reader. Your answers will be kept completely confidential and used only in tabulation with others. As an added incentive, at the end of the survey you will be given the opportunity to win a $100 Visa gift card. If you're a developer, click here (http://insidepenton.com/research/er/nrei/greendev09.htm). If you're a corporate user, click here (http://insidepenton.com/research/er/nrei/greencorp09.htm). 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WHITE PAPER Back To Basics To Stay Strong In Commercial Real Estate (http://nreionline.com/research/ge-capital-real-estate-0729/) To succeed in this real estate market, investors and managers need a new kind of toolbox... ---------------------------------------- Advertisement ---------------------------------------- The 3rd Real Estate Private Equity Summit will gather large institutional investors, asset managers, hedge funds, private equity, investment banks, real estate investors and developers to address the future of the Real Estate industry. This senior-level forum will provide the perfect platform to meet face-to-face and network with the top qualified real estate executives. http://www.iglobalforum.com/3repe ---------------------------------------- ---------------------------------------- Don't miss this opportunity to network with senior management representatives of REITs and publicly traded real estate companies representing more than $500 billion in assets. Join us at REITWorld 2009: NAREIT's Annual Convention for All Things REIT. For more information, go to http://www.reit.com/REITWorld2009.cfm ---------------------------------------- ABOUT THIS NEWSLETTER Do you have editorial comments or ideas regarding NREI Institutional e-newletter? Contact Sibley Fleming at mailto:sibley.fleming@penton.com You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://subscribers.nreionline.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://pbinews.com/webforms/newsletter/unsub/?email=#email#&lid=#list_id#&mid=#message_id# For information on advertising in this newsletter, please contact Marianne Rivera at 312-840-8466 or by email at mailto:marianne.rivera@penton.com. 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