Brotherly love

Brotherly love 2008-07-01 Staff Writer <strong>Quotable</strong><br /> <table> <tbody> <tr> <td><strong>“The market isn't changing, it's collapsing.”</strong></td> <td><strong>“No protestors yet?”


“The market isn't changing, it's collapsing.” “No protestors yet?”
Speaking at the PERE Forum: Europe 2008 in London, Léon Bressler, partner of Perella Weinberg Partners, argued that because of market dislocation, Europe offer some of the best risk-adjusted returns in the world. David Rubenstein, The Carlyle Group co-founder, at the Super Return US conference, referring to his speech at the Society of American Business Editors in May, when the Service Employees International Union stormed the conference hall protesting against Carlyle's acquisition of nursing home company, Manor Care.
“Today we are able to place capital in places we would never have dreamed of doing.” “The stars are lining up.”
Paul Vosper, chief operating officer of Morgan Stanley's real estate fund of funds business, speaking at the PERE Forum: Europe 2008 conference about the range of geographies real estate funds now invest in. Robert Dombi, partner of secondaries firm Landmark Partners, talking about the future prospects of the private equity real estate secondaries market at the IMN US Real Estate Opportunity and Private Funds Investing Forum last month. For a more detailed look at the secondaries market, see p. 28.
“We spend a lot more time with bankers.” “You're talking to a man who screwed up five years ago. We should have bought that building then. We were close.”
Noel Manns, principal and co-founder of Europa Capital, talking about the day-to-day realities of being a private equity real estate fund manager during the PERE Forum: Europe 2008 conference. Boston Properties chairman Mortimer Zuckerman referring to the firm's latest acquisition, Manhattan's GM Building, during a conference call with analysts.
“If supply is made available, the demand is always there.”
Ramashrya Yadav, finance head at Indian real estate firm Orbit, explains the attractions of developing in Mumbai, as quoted by Reuters.