{"id":1831,"date":"2012-11-28T07:42:57","date_gmt":"2012-11-28T12:42:57","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1831"},"modified":"2013-05-28T08:08:30","modified_gmt":"2013-05-28T12:08:30","slug":"peter-ballon","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/peter-ballon\/","title":{"rendered":"Going in Partnership Where Markets Lead"},"content":{"rendered":"

\u201cWe invest with the intention of holding the real estate indefinitely,\u201d says Canada Pension Plan Real Estate Expert <\/strong><\/p>\n

\"Ballon<\/a>
Peter Ballon<\/figcaption><\/figure>\n

The real estate market has been particularly hot over the past couple of years, but it\u2019s likely to quiet down now.<\/p>\n

\u201cLast year and the previous year were great years to be buying real estate,\u201d says Peter Ballon, Vice-President, of Real Estate Investments in the Americas for the Canada Pension Plan Investment Board (CPPIB)<\/strong>. \u201cI anticipate that we will be less active in the next couple of years than the last two years, but we still expect to see some interesting opportunities.\u201d<\/p>\n

I\u2019ve seen three major dips in my career. People who enter the field think that real estate only goes up, but it is a cyclical business,\u201d Peter Ballon.<\/span><\/p><\/blockquote>\n

Ballon, who was among the team responsible for investing some eight billion dollars in equity last year, says that there was a shortage of equity capital that enabled his group to invest in several attractive properties at good prices. Their group is unusual, however, in that they only invests in real estate when it can get the best return-on-investment.<\/p>\n

\u201cCCP is somewhat unique compared to other funds in that we don\u2019t have any specific allocations either to real estate or within real estate,\u201d said Ballon. \u201cWe simply view real estate as providing returns against a certain benchmark, which is really a basket of risk profiles. If we think we can get a good risk-adjusted return on real estate, then we invest in that category, and if we don\u2019t, then we don\u2019t invest in that category. It\u2019s all about assessing the risk and seeing if we\u2019re being adequately paid for it.\u201d<\/p>\n

Note: This article appeared on page 14 of the Winter 2012 issue of\u00a0Canada’s Leading Real Estate Forum Magazine.<\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cWe invest with the intention of holding the real estate indefinitely,\u201d says Canada Pension Plan Real Estate Expert The real estate market has been particularly hot over the past couple of years, but it\u2019s likely to quiet down now. \u201cLast year and the previous year were great years to be buying real estate,\u201d says Peter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1831","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-tx","jetpack-related-posts":[{"id":15675,"url":"https:\/\/traceyarial.com\/blog\/en\/commercial_real-estate\/","url_meta":{"origin":1831,"position":0},"title":"Canadian Commerical Real Estate Mostly Healthy","author":"Tracey Arial","date":"May 12, 2014","format":false,"excerpt":"Other than potential saturations in the office markets in Toronto, Edmonton and perhaps Montreal, the fundamentals for commercial real estate in Canada are strong. So says Michael Dal Bello, an investment partner at Pritzker Group Private Capital. The fundamentals are very good in Edmonton, in terms of industrial, retail, and\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15680,"url":"https:\/\/traceyarial.com\/blog\/en\/canadian-reits-due-recover\/","url_meta":{"origin":1831,"position":1},"title":"Canadian REITs Due to Recover","author":"Tracey Arial","date":"May 19, 2014","format":false,"excerpt":"Real Estate Investment Trusts should recover some of their capital in the second half of 2014 as investors realize current market prices account for rising interest rates. So says a banker from the only Canadian company that led a REIT purchase deal in the early part of 2014. Recovery in\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1922,"url":"https:\/\/traceyarial.com\/blog\/en\/cadillac-fairview-mixed-use\/","url_meta":{"origin":1831,"position":2},"title":"Cadillac Fairview Mixed-Use Development","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Renewal, Re-investment and Expansion Mean Strong ROI, says\u00a0Cadillac Fairview Mixed-use joint ventures between land-owners, developers, retailers and residential owners aim to create \u201clive, work, learn and play\u201d neighbourhoods Multiphase developments now underway in Anjou, Ottawa, Markham, Montreal, Pointe Claire, St. Bruno and Toronto will revive and renew urban neighbourhoods while\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Iacono headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/SalIacono.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1999,"url":"https:\/\/traceyarial.com\/blog\/en\/legends-calgary-real-estate\/","url_meta":{"origin":1831,"position":3},"title":"Legendary Success in Real Estate Investment","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Real Estate Experience Helps When Negotiating Trends, Risks and Opportunities in Calgary What does it take to build success over time in the Calgary market? Great real estate investment is all driven by risk assessment,\u201d says Jon Love, a managing partner with KingSett Capital and former head of Oxford Properties\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Love headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/jonlove.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15618,"url":"https:\/\/traceyarial.com\/blog\/en\/montreals-diverse-economy\/","url_meta":{"origin":1831,"position":4},"title":"Montreal\u2019s Diverse Economy Appeals to Investors","author":"Tracey Arial","date":"April 21, 2014","format":false,"excerpt":"Montreal\u2019s size appeals to pension funds that have seen their real estate allocations going up, says Armand Des Rosiers, one of Montreal\u2019s key real estate experts. People understand that Montreal, being the second largest metropolitan area in the country, is a large market,\u201d says Des Rosier, who directs RBC Capital\u2026","rel":"","context":"In "Island Report"","block_context":{"text":"Island Report","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/island-report\/"},"img":{"alt_text":"download","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/download.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1841,"url":"https:\/\/traceyarial.com\/blog\/en\/latin-america-opportunities\/","url_meta":{"origin":1831,"position":5},"title":"Latin American Opportunities","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Forward-looking investors like the financial resilience and increasing transparency of markets in Latin\u00a0America. Canadian investments like the big pension plans are starting to look back at Mexico as an attractive proposition given the stability it showed throughout the recent financial crisis,\u201d Eduardo G\u00fc\u00e9mez \u201cThere are still growth opportunities in Brazil\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/traceyarial.com\/blog\/en\/category\/international\/"},"img":{"alt_text":"G\u00fc\u00e9mez","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/G%C3%BC%C3%A9mez.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=1831"}],"version-history":[{"count":8,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1831\/revisions"}],"predecessor-version":[{"id":1840,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1831\/revisions\/1840"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=1831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=1831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=1831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}