World Turning from Fear to Caution
Although much uncertainty remains in the economy and the investment environment, the overall view is that things are finally improving, and that over time, the playing field for investments will eventually level out. As demonstrated in the RERC Real Estate Report, As the World Turns from Fear to Caution, RERC's institutional investment survey respondents have increased their ratings for stocks and bonds, which involve more risk but have the potential for greater returns, while lowering them slightly for commercial real estate, during fourth quarter 2011. Meanwhile, RERC's required cap and yield rates for the major property sectors…