Tue, Apr 7, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

US real estate deal activity slowed during the Q4 2019: PWC

Monday, January 27, 2020

Laxman Pai, Opalesque Asia:

Real estate deal value and volume in the U.S. fell during the fourth quarter of 2019 compared with the prior quarter amid ongoing geopolitical tension, a decline in cross-border capital flows, and the prospect of tougher regulation from the local to the federal level.

According to the PWC report titled, 'US real estate deals insights', the total volume of real estate deals fell 18.2% during Q4 2019 compared with the third quarter. At the same time, deal value declined 5.8% during the fourth quarter compared with Q3 2019. These declines followed solid volume growth during the prior six months.

For all of 2019, transaction value declined 4.8% compared with 2018, an especially strong year. Nevertheless, the total value for 2019 exceeds the level for 2016 and 2017.

The average deal value continued to rise during the fourth quarter, increasing 15.1% compared with the prior quarter and 8.1% compared with Q4 2018.

Transaction value in the hotel property sector continued its strong performance during the second half of 2019, increasing 4.5% during the fourth quarter on the heels of Blackstone's acquisition of Bellagio Hotel & Casino. Deal value in the office sector increased by 12.8% compared with Q3 2019.

Sector data for all of 2019 tells a different story. The value of industrial property deals rose 13.1% in 2019 compared with 2018. Yet nearly all other real estate sectors logged a decline in transaction value in 2019.


To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall, Here's what top hedge funds are buying in the coronavirus stock market crash[more]

    Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall From Financial News: Bridgewater Associates, the world's biggest hedge fund, has retreated from shorting European stocks after making an estimated €2.9bn ($3.2bn), as its founder and co-chairman Ray Dalio c

  2. Bill Ackman writes letter to shareholders on coronavirus[more]

    Pershing Square Holdings (PSH)'s Bill Ackman wrote a letter to investors outlining his insight on the coronavirus pandemic in the United States. He revealed that PSH completed the process of exiting the hedges on 23 March, netting a gross $2.1bn for PSH, after turning 'increasingly positive on equit

  3. New Launches: LGPS Central sets up investment grade bond fund, Leeds Equity Advisors aims to raise $1bn for PE fund, RLI Investors to launch European last-mile logistics fund, DBL Partners IV targets $450m[more]

    LGPS Central sets up investment grade bond fund From IPE: LGPS Central, the asset pooling vehicle for eight local government pension schemes (LGPS) based in England's Midlands, has launched a global investment grade corporate bond fund in order to meet its partner funds' needs. The po

  4. Investing: Marathon sees cheap assets amid dislocation in credit, Deerfield's health care buying spree, It's time to buy shares again, says BlackRock, Credit Suisse, Fed is buying credit ETFs but one hedge fund is shorting them[more]

    Marathon sees cheap assets amid dislocation in credit From Bloomberg: Distressed-investment specialist Marathon Asset Management is buying beaten-up debt amid the greatest dislocation in credit markets since 2008, according to Bruce Richards, co-founder and chief investment officer of the

  5. People: Carlyle picks 2 deputy heads for Japan buyout advisory team, Ex-Kleinwort Hambros adviser takes senior role at multi-family office boutique[more]

    Carlyle picks 2 deputy heads for Japan buyout advisory team From PIonline.com: Takaomi Tomioka and Hiroyuki Otsuka were named deputy heads of the Japan buyout advisory team at Carlyle Group. The positions are new, confirmed a spokeswoman for the New York-based private markets investment g