Market forces continually change the landscape of the real estate private equity ("REPE") industry. In the current market, robust capital raising and the emergence of new funds in REPE suggest increasing competition to place capital while the credit crisis has marked the end of an era for cheap...

The private capital business for public REITs was started by Kimco Realty, Developer Diversified, AMB and ProLogis during the years 1998-2000, at the time when the public equity was not easily available. Over the past decade, public REITs have used their private capital funds to take out REITs'...