VIDEO: US institutions to 'back off' from Europe

Ted Leary, founder and president of advisory firm Crosswater Realty Advisors, told PERE how nervous US institutions have become about investing their capital into European real estate markets.

Market veteran and Crosswater Realty Advisors founder Ted Leary told PERE on the sidelines of last week's PERE Forum: Europe how US institutional investors are 'nervous' about the economic stability of Europe. As a result, he suggested that many, including the large pension funds of California, would likely 'back off' from making commitments to the region.