2010

    Volume 1 - IDR Year-End Review and 2010 Outlook -  The year closed with mixed results among the various investment sectors of commercial real estate. IDR market cycle and pricing analyses suggest we are approaching the bottom of the real estate cycle. Realizing a full real estate recovery is ultimately dependent upon the return of capital markets and the U.S. economy, "green shoots" are appearing in certain investment sectors, asset types and geographic regions...

    Volume 2 - IDR Mid-Year Update - In our 2010 outlook, IDR identified several key elements necessary for the recovery of the real estate market including: (i) increased availability of debt capital; (ii) improved property fundamentals; and (iii) increased investor capital flows to the asset class. Of major concern was the ability for property owners to extend loans and refinance maturing debt. During the first half of 2010, lenders have been willing to work with borrowers and extend loans...

2009

    Volume 1 - IDR Year-End Review and 2009 Outlook - In 2008, the recession, coupled with balance sheet deleveraging, has negatively impacted commercial real estate. Fundamentals have softened and are likely to continue to soften through 2009...

    Volume 2 - IDR Mid-Year Update - As a result of deteriorating credit quality and a slowing economy, traditional lenders have reduced their lending activity. In addition the securitization and conduit lending market remains virtually non-existent. Accordingly, property prices are adjusting downward as debt continues to be revalued...

    Volume 3 - Real Estate Supply: A Source of Stability - IDR research illustrates, over the long term, the value of real estate is closely correlated to the increase in construction costs. However, the relationship between construction costs and real estate appreciation reaches its largest divergence in times of oversupply...

2008

    Volume 1 - IDR Year-End Review and 2008 Outlook - Many will remember the year 2007 in the investment market. Trends like "going global" and "green investing" have grown in interest at the same time that the market continues to re-price the underlying risk level of assets…

    Volume 2 - IDR Mid-Year Update - Over-levered transactions have started to increase fears regarding vintage year exposure. Some real estate investors have a high degree of exposure to 2006 and 2007 vintage private equity real estate funds who were purchasing real estate assets during a period of time with stronger than normal appreciation...

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