DENVER-Private, direct real estate investments and publicly listed property companies represent the best investment prospects in 2013. So says Emerging Trends, the annual study conducted jointly by the Urban Land Institute (which is holding its annual fall conference here) and PwC. The press got a peek into the report Tuesday morning, and the prospects are good for investment, despite the looming risk of the economy missing a step.

As reported earlier, the tone of Wednesday morning’s press briefing was upbeat with an asterisk, acknowledging the ongoing threat of the so-called fiscal cliff and European woes, while emphasizing the slow but relentless economic recovery. “The enduring low-gear real estate recovery should advance further in 2013,” the report summarizes.

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