The Growing Power Of Institutional Real Estate Investors
4 April 2005 - 2:00pm
Tishman Speyer's $1.7 billion deal for the Met Life tower in Manhattanmarks the growing power of institutional money.
When Tishman Speyer Properties won 200 Park Avenue last Friday, the $1.7 billion deal signaled a significant change in the intensive real estate bidding landscape: institutional investors appear to be moving to the fore in the buyers' club, nudging aside the still eager but more interest-rate constrained private-equity groups that have dominated the acquisitions markets for some 18 months.
Full Story:
Allocation Election
Source:
The Slatin Report, April 4, 2005
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