Press Release January 18, 2012

Goodwin Procter Survey: Real Estate Capital Markets Leaders See Many Industry Factors Unchanged in 2012

LAGUNA BEACH, CALIF. , January 18, 2011 – In a survey released today by Goodwin Procter, leaders in real estate capital raising and capital deployment believe pension plans (directly or through investment advisors) will continue to be the leading source of U.S. real estate equity capital in 2012 and that capitalization rates will remain flat in 2012.  The study, “Real Estate Capital Markets Snapshot 2012: A Survey of Opinion Leaders,” was released at the Ninth Annual IMN Winter Forum on Real Estate Opportunity & Private Fund Investing.

More than 45% of respondents see recapitalization of existing investments as their greatest commercial real estate investment opportunity in 2012, followed by property acquisitions from third parties (29%) and distressed debt acquisitions (21%).  They continue to overwhelmingly believe job creation is the single most important economic factor required to drive improved U.S. commercial real estate values in 2012.

“We believe this survey provides a useful snapshot of the views of market leaders on their outlook for 2012 and confirms many trends we have been hearing anecdotally in the market place over the past year," said Robert S. Insolia, co-chair of Goodwin’s Real Estate Private Investment Funds Practice.

The survey was conducted between December 2011 and January 2012. Survey respondents represented a broad cross-section of real estate capital markets participants, with the largest segment of respondents identifying themselves as investment managers/fund sponsors (35%), followed by owner/operators (27%) and investment banker/advisor/placement agents (18%).

Click here for the complete survey report.

Goodwin Procter represents many of the nation’s leading public and private real estate investment managers, real estate fund sponsors, public and private REITs, and municipalities in all aspects of raising and deploying capital. Goodwin also advises owners, managers, operators, developers, lenders and investors in acquiring, developing, financing, managing and selling real estate.

Goodwin has assisted clients in real estate focused acquisitions, joint ventures and other investments, structuring and restructuring debt, and public and private capital raisings in excess of US$250 billion. In addition, the firm has one of the most sophisticated real estate fund formation practices in the United States, helping clients raise in excess of US$60 billion through private investment funds.

About Goodwin Procter

Goodwin Procter LLP is one of the nation’s leading law firms, with offices in Boston, Hong Kong, London, Los Angeles, New York, San Diego, San Francisco, Silicon Valley and Washington, D.C. The firm provides corporate law and litigation services, with a focus on matters involving real estate, REITs and real estate capital markets; private equity; technology companies; financial services; intellectual property; products liability and mass torts; and securities litigation and white collar defense.  For additional information, visit www.goodwinprocter.com.  Follow us on Twitter @GoodwinProcter.