CAPITAL MARKETS UPDATE

By John Salustri

In June, some of the industry's most high-powered advisors got together in Hilton Head, SC to discuss the state and future of the capital markets, shifts in acquisition and disposition flow and the outlook for the business going forward. Not surprisingly, the meeting was tinged with a good-news/bad-news sensibility--especially as all of us await the long anticipated turning of the real estate market's fortunes. An edited version of that
conversation follows.


PANELISTS:

Ross Cowan
Vice President
Transwestern Investment Co.
Chicago

Tim Ellsworth
Director
The RREEF Funds
Chicago

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