| Investors in emerging market real estate are increasingly seeking local fund managers, according to research by Preqin. Fifty-nine percent of capital raised for emerging market private real estate investments in 2011 was committed to fund managers headquartered outside developed markets, such as North America and Europe, the firm found.
"The shift towards investors committing to local emerging market fund managers highlights the increasing sophistication of the real estate industry in many emerging market regions," Andrew Moylan, Manager of Real Estate Data at Preqin, said...............................................Full Article: Source |