Despite challenging market conditions the non-listed real estate industry managed to raise the highest amount of equity since 2008.
The annual INREV Capital Raising Survey confirm signs of investors' growing appetite for risk and includes some early indications that investors have more confidence in the future direction of the market. This increase in capital raised indicates that investors think that the market has reached its lowest point so they are beginning to commit capital once again. Although fund performance dropped from 3.6% in 2011 to -0.6% in 2012 capital raising figures have gone up with investors look ahead to future opportunities.
For the first time the report covered the capital raising activities across the full spectrum of non-listed real estate vehicles covering funds, separate accounts, joint ventures and club deals, funds of funds and non-listed debt products.
Source : INREV