Quotable
“Brazil and Mexico are such large economies that they can really support any size player- there are investment opportunities from very small investors probably up through the larger investors out there.” | “The year ahead will largely be determinedby supply-and-demand fundamentals, capital flows and, most of all, the economy.” |
Erik Peterson, regional managing partner for Central America at Aureos Capital, referring to the increasing flow of investment capital to Latin America, speaking recently with PERE. | Stephen Blank, senior fellow for real estate finance at the Urban Land Institute, on the outlook for the commercial real estate market, quoted in The New York Times. |
“Our acquisition guys aren't really acquisition guys – they're really family counselors.” | “It's anywhere from ‘we're going to lose everything’ to ‘we're going to make five times our money.’” |
John Williams of San Francisco-based Carmel Partners, describing the emotional complexities that accompany doing deals with multi-family asset owners, speaking at the 2007 PERE Forum in New York. | Alan Snoddy, senior vice president at New York-based The Church Pension Fund, casting doubt on managers' ability to forecast near-term returns in the Indian real estate market, speaking at the 2007 PERE Forum in New York in November. |
“The United States is for sale right now.” | “The fundamentals of the country are communist. The land is the property of the country.” |
Steve Previs, of Jefferies International, quoted in Bloomberg following Abu Dhabi's agreement to buy a $7.5 billion stake in Citigroup. | Steven Murphy of VinaCapital, on investing in Vietnam (see p. 48). |