by Rebecca Walker — December 31, 2010—Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, released its 2011 Outlook for U.S. commercial real estate.
“Looking ahead to 2011, we believe attractive investment opportunities include not only highly sought after core strategies, but also selective value-add and opportunistic strategies,” said Pat Halter, chief executive officer of Principal Real Estate Investors.
According to the report, there is reason for optimism in U.S. commercial real estate markets for 2011 despite growing government budget deficits and an economy that has yet to generate sufficient job growth to reduce unemployment rates. The report details how the current U.S. macroeconomic outlook is expected to translate into the four quadrants of U.S. real estate in 2011: publically traded real estate investment trusts, commercial mortgage-backed securities, private debt, and private equity.
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