European Institutional Real Estate survey see investors ‘creating’ core to address supply shortage
European pension funds are increasingly seeking out properties that can be refurbished into core holdings as the demand for traditional core leads a supply shortage, according to the inaugural European Institutional Real Estate Survey (EIRES) by IPE.The survey, conducted jointly with Invesco, questioned more than 80 European pension funds with €100bn in property about their investment strategy and also found that listed real estate had limited appeal, employed mostly as a way of diversifying holdings.Together with their desire to “create core”, EIRES respondents also expressed a preference for direct investing – within both domestic and European portfolios – as it allowed for greater control over assets and therefore greater control over any risk emanating from the property.Of the 83 pension funds, managing nearly €1.3trn in assets, 85.4% opted for direct investment in their domestic market, and only 12.2% decided to invest indirectly through fund commitments. The survey noted: “WPV, the German auditors’ pension scheme, is including direct in its portfolio for the first time a bid to mitigate what it sees as the lack of control inherent in pooled funds.”An even smaller percentage opted for domestic exposure through funds of funds and an equal amount, 1.2%, sought to invest in domestic property securities.The survey added: “The correlation between market proximity and appetite for direct investment also explains the smaller, though still significant, gap between direct and fund investment in non-domestic European real estate.”When investing in other European cities, more than half still invested directly, although the number of investors opting for funds more than doubled to 27.9%.Real estate securities also saw a significant increase in popularity, and 19.4% said they would employ them to gain European exposure, while fund of fund investments only accounted for 1.5% of commitments, a marginal increase over how they were employed in a domestic setting.The survey also found an overwhelming appetite for core property in both domestic and European markets, and some pension funds also looked to invest in core-plus properties.More than 90% of funds said core properties were part of their domestic strategy, while 79.1% wanted this mirrored in their European ex domestic portfolio.A further 5.5% viewed core-plus as key to their domestic strategy, leaving only 2.8% interested in value added – a figure that increased nearly fourfold when examining European strategies.A value-added approach became increasingly more important the further from the domestic market the investment strategy shifted, resulting in only 76% of funds saying core was at the heart of their strategy in the US, falling further to 61% in Asia.Instead, 15.7% of pension funds assets deployed in the US were in value-added strategies, rising to more than one-quarter in the Asian market.Simon Redman, managing director of client portfolio management Europe at Invesco Real Estate, said the interest in value-added was something also found amongst its clients.“We at Invesco have seen steady growth in demand for value-added real estate investments and continue to see significant opportunities in this area – particularly in the US and Asia,” he said.Responses to EIRES also showed a varied approach to listed investments depending on the region to which the pension fund was seeking exposure, resulting in US REITs remaining popular and attracting an average of €1.8bn across the few funds opting for the approach.
Meanwhile, Norwich manager Chris Hughton thinks Hammers captain Kevin Nolan could pose as much of a threat as Carroll. The Canaries head to east London on the back of a morale-boosting goalless draw with title chasing Manchester City on Saturday, but only two points clear of the Barclays Premier League relegation zone. West Ham are a place above in 15th on goal difference having hauled themselves out of the bottom three with the win at Villa. Nolan – just back from a recent ban himself – grabbed his second double in as many games against Swansea to help drag Allardyce’s men up the table. “It is about team performance and what West Ham have shown is that when they have looked for a goalscorer or a bit of inspiration, then Kevin Nolan has come up trumps for them, and that is the type of individual he is,” said Hughton, who could have Scotland winger Robert Snodgrass back from a groin injury. “When you look at team selection, there is always something that can hurt you, for somebody who does not play, it is an opportunity for someone else. “You can only play against the team you are up against, and prepare yourself for what their starting XI might be, but also have ambitions to win the game yourself.” He played a starring role in the 2-0 win against the Swans before being dismissed by Howard Webb – but his team-mates rallied and won without him at Aston Villa on Saturday. While Carroll was out injured the Hammers looked doomed to a season fighting relegation but, with skipper Kevin Nolan once again leading the way, Allardyce has his side back on track. Now they face Norwich at home on Tuesday night and also welcome Southampton to Upton Park during Carroll’s suspension. But for Allardyce, who gave fellow strikers Carlton Cole and on-loan Marco Borriello equal chance to prove their worth at Villa, a scenario which saw Carroll not coming straight back into the side would be welcomed. “What about this?,” Allardyce said. “Andy Carroll comes back from suspension, West Ham haven’t lost a game and won most of them and Andy Carroll has to sit on the bench. That would be nice. “Carlton and Marco played a dual role (against Villa) – 45 minutes apiece – which is what I talked to them about before the game. “I told them ‘today will be 45 minutes each for you so give us your best 45 minutes to help your team try and win’. “Both made a contribution on Saturday and they will have to continue to do so.” Sam Allardyce has challenged his players to shine in the absence of Andy Carroll and suggested they could keep West Ham’s most expensive player warming the bench when he returns from suspension. The Hammers saw a prolonged appeal against Carroll’s dismissal against Swansea rejected late last week, leaving Allardyce once again without the services of the England international. Carroll had featured in just four matches before his red card, after struggling to overcome a troublesome foot injury. Press Association
Our Sports ReporterGUWAHATI: Indian women faced a whitewash loss in the T20I series against England at ACA stadium, but Indian skipper Smriti Mandhana enjoyed a lot playing at this venue. Speaking to The Sentinel, Smriti said, “The ground is very beautiful with all world class qualities. The wicket and outfield are in good shape. We lost here but enjoyed a lot.”On the other hand England captain Heather Knight ranked this ground as a Test ground. She enjoyed the crowd and congratulated the ACA for inviting the girls into the stadium as spectators to encourage the women’s cricket.Also read: Local Sports
Suriname to send three fightersTHE Guyana Boxing Association (GBA) will hold their final event for 2017, the Terrence Ali National Open Championship, November 28-30, at the National Gymnasium.“This tournament is our last statutory competition for the year and it’s a prerequisite for selection to the team that will represent this country at the Caribbean Championship in December, in St Lucia,” said GBA president Steve Ninvalle.With outstanding performances expected to be rewarded a spot on Guyana’s team for the marquee Caribbean tournament, Ninvalle said the crème de la crème of fighters from gyms across Guyana are expected to be in attendance.With this in mind, boxing fans, according to Ninvalle, will be in for a treat and he is urging persons to come out and support the fighters.Ninvalle also disclosed that the event, this year, will be highlighted by attendance of three fighters from Suriname, adding,for the first time some international flavour.Asked about the attendance of the Republican Boxing Gym, which features incarcerated fighters, Ninvalle explained “the last information I received is that they are participating. I know they had received some gear from the National Sports Commission (NSC) and are expected to participate”.
With Folt come other new faces to the University’s administration, including USC’s first Senior Vice President for Human Resources Felicia Washington, who worked alongside Folt at the University of North Carolina at Chapel Hill. Winston Crisp, who worked as Folt’s vice chancellor at UNC, will be the vice president for student affairs. When Wanda Austin became USC’s interim president in August 2018, her goal was simple — she wanted to talk with University stakeholders to begin addressing the problems USC had faced leading up to former President C. L. Max Nikias’ resignation. “You have to learn,” Austin told the Daily Trojan when she started last year. “You have to take the time to get the benefit of your team, to make sure you’re engaging them so that you can make decisions that give you the best chance at a positive outcome.” Looking ahead at the school year, Folt said in March that she was excited to take on her new role at USC and help point the University in the right direction. USC’s Relationship and Sexual Violence Prevention Services, which has been headed by Brenda Ingram since September, started a bystander training initiative and the Engemann Student Health Center unveiled plans for a fifth floor dedicated to mental health resources last semester. The FBI in March released a 200-page investigation detailing a college admissions scheme that revealed that 50 celebrities, executives and officials allegedly paid large sums of money to have their children admitted to USC, Yale and Stanford, among other colleges. Of the 12 universities that were indicted, USC had the largest number of students admitted as false athletic recruits and was the only school where an athletics official was involved. Tyndall, who formerly worked as a gynecologist at the student health center, has been accused of sexually abusing and harassing current and former students. The Times discovered Tyndall targeted Asian and international students during health appointments and unsealed documents that showed USC had known about complaints made against Tyndall for decades. The Los Angeles Police Department said in June that this was the largest sex crime case they had ever seen. Currently, there are over 700 plaintiffs suing Tyndall and USC in both state and federal court. In the immediate aftermath of the report, Austin wrote to the University community that the administration would fully cooperate with law enforcement and enact immediate changes. The University also announced in July that Geoffrey Garrett will serve as the new Marshall School of Business dean following Austin’s controversial termination of former dean James Ellis. Garrett, who formerly led the Wharton School of Business at the University of Pennsylvania, will join USC in Fall 2020. Current Interim Dean Gareth James will serve as such until then. USC said Ellis was terminated due to a buildup of alleged discrimination complaints among students against Marshall staff. “Sometimes when you have challenges, you are in the best position to make change,” Folt said. “I haven’t heard any voice of complacency … No one is saying, ‘Everything is perfect, don’t tell us we have to change.’” In addition to the college admissions scheme, the University has also received criticism for how it handled the case against Tyndall, who was recently arrested and charged with 18 counts of sexual penetration of an unconscious person and 11 counts of sexual battery by fraud. Folt’s time in North Carolina was also defined by how she dealt with university issues. When she took over as chancellor at the University of North Carolina at Chapel Hill, the school found itself in the national spotlight for allowing athletes to enroll in “paper classes” that kept them academically eligible to play. “We understand that the government believes that illegal activity was carried out by individuals who went to great lengths to conceal their actions from the University,” USC wrote in a statement in March. “USC is conducting an internal investigation.” In response to the investigation, USC terminated Senior Assistant Athletic Director Donna Heinel in March, along with water polo coach Jovan Vavic — both athletic officials who facilitated the scheme. The University also began investigating each student admitted through the scheme to determine their status. It also announced reforms for the athletic admissions process to include more oversight from coaches and other officials. “The board, all of us, are obviously very disappointed in what happened,” Board of Trustees Chairman Rick Caruso said then. “It is incredibly unthinkable in my opinion, of what these parents did with these administrators and these coaches.” “I am encouraged by [the] settlement filing, which takes another important step in healing our community,” Austin wrote in a statement to the Daily Trojan in February. “Every affected individual is a member of the Trojan Family, and we care deeply about their well-being.” In October 2018, USC agreed to a $215 million settlement that would distribute tiered compensation to all former patients, not only alleged victims, and require USC to implement a number of campus-wide reforms including an expansion of student health resources. Coming into a University facing an athletic scandal, Folt told the Daily Trojan in March that she believes her previous experience, including an NCAA investigation following “paper classes” that allowed Chapel Hill athletes to remain academically eligible, will help her guide the University forward. However, what initially seemed like a time of growth was severely stunted in March when news broke of the University’s involvement in the largest college admissions scandal in history. Tyndall, however, is not the only former campus doctor to have been accused of alleged sexual assault. There is currently a growing lawsuit against the University and former campus men’s sexual health doctor Dennis Kelly, alleging that he sexually abused and targeted gay and bisexual men. The plaintiffs also allege that the University knew about Kelly’s actions and failed to act. “I believe so deeply in what [USC] has done and what it can do,” Folt said at a March press conference announcing her presidency. “I also have learned that you take on challenges by never forgetting your bigger mission and the good things that happen. It’s that pairing that I think brings the vibrancy. If we have no challenges, it just means no one’s finding [them].” Other appointees include Senior Vice President for Administration David Wright and Senior Vice President and Chief Communications Officer Glenn Osaki. Now, all eyes are on newly-appointed President Carol Folt, who stepped into her role in July and inherited a University tormented by misaction. Kitty Huang | Daily Trojan Austin took on the interim role to move the University forward after Nikias’ tumultuous reign, which was marked by unprecedented financial growth but plagued by scandals. In his final two years as president, a Los Angeles Times investigation published in July 2017 revealed that former Keck School of Medicine Dean Carmen Puliafito had allegedly used drugs while seeing patients. Another investigation in May 2018 had revealed decades of sexual misconduct and abuse at the hands of former campus gynecologist George Tyndall. “There are so many wonderful things about [athletics] that are important,” she said. “Yet, we have the same obligation [to investigate]. If we’re gonna do it, we’re gonna do it right. So I’ve learned a lot [from the UNC scandal].” The University announced it would offer free counseling services to former health center patients following the L.A. Times investigation of Tyndall and a BuzzFeed News article from August that detailed the experiences of some of Kelly’s victims. In its resolve to move forward, USC has faced a number of setbacks, and the national spotlight placed upon campus has only mounted pressure on a struggling administration. 
Julia Poe, a soccer beat writer at the Orlando Sentinel who graduated in 2019, said she cherished the times Reeves would delay the start of class to catch up on sports with her. Among his students, Reeves was not known as someone who sent or responded to many emails, but Peplow remembers one he sent her at the end of her magazine writing class. At the start of the semester, Reeves asked students to write about what they wanted to learn during the course. Peplow wrote that she wanted to develop her first-person writing because she wasn’t confident in her abilities. “A lot of professors don’t really have that gift of listening and encouraging and supporting young writers and he knew how to boost a young writer’s confidence in just such a special, unique way,” Poe said. “Part of that came from just the decades of experience that he had in the industry. So when he looked at you and told you that an idea was good or that it was valid, you actually felt that and he just always went out of his way.” Reeves, who worked at Annenberg for 22 years, started at USC as a visiting professor in 1998, according to the Annenberg article. He became a full-time lecturer in 2006 and taught classes such as “Writing Magazine Non-Fiction” and “Feature Writing.” Reeves is remembered by his students for his ability to connect on a personal level with all of those who took his classes. Annenberg professor Richard Reeves is remembered by students and faculty by his ability to personally connect with their interests and for his past journalistic endeavors, including his time as chief political correspondent at The New York Times. | (Photo courtesy of Annenberg School for Communication and Journalism) Reeves, who spent decades as a journalist and author, wrote several books following U.S. politics, history and the responsibility of the press, his most recent of which was “Infamy: The Shocking Story of the Japanese-American Internment in World War II” published in 2015. Among his best sellers was “President Kennedy: Profile of Power” published in 1993 about John F. Kennedy’s 1,000 days in office. Reeves’ opinion columns on U.S. politics appeared in more than 100 newspapers between 1979 and 2014, including the Los Angeles Times and Baltimore Sun. “Every other person would be staring at me with their eyes glazed over because they did not give a crap, but it was just me and [Reeves] talking about his old days covering the Yankees and my days covering Sam Darnold and the boys,” Poe said. “Beyond him as a professor, he was just the best person to talk to, just the most fun person to talk to.” Shaylee Navarro contributed to this report. The feeling was no different among his fellow faculty members, Kotler said. “He had such an amazing career and life before he came to teaching,” said Emma Peplow, who took two classes with Reeves before graduating in 2018. “And I think it was really easy to forget about that when you were in his class because he really made an effort to get to know every student, and you felt like he was your friend and your peer. And so then, in class, all of a sudden, he would tell this crazy [story] about covering Woodstock or interviewing the president. It would shock you back into this reality that you were being taught by this incredible figure.” “Emma — I loved your piece. If you can’t write in the first person,no one can…Richard” he wrote to her after she turned in her final assignment.
And that stuck with her. “Richard was one of his generation’s most accomplished political journalists,” Annenberg Journalism School director Gordon Stables wrote in a statement to the Daily Trojan. “He was a witness to history … He also loved to share through his teaching. He enjoyed every opportunity to help his students grow as writers and, more importantly, as people. Even as he struggled with his health, he constantly spoke about working with his students.” Reeves, born in New York City on Nov. 28, 1936, graduated from Stevens Institute of Technology in New Jersey with a mechanical engineering degree. Realizing his interest lied elsewhere, he entered the journalism field in the 1960s as a print reporter. By 1966, he was the chief political correspondent at The New York Times, and he later served as an editor and columnist at New York Magazine and Esquire. “He was a terrific colleague,” said associate professor of journalism Jonathan Kotler, who met Reeves at Annenberg. “I would always make it a point to sit with him in faculty meetings. He was both wise and funny at the same time. He was basically good company.” Richard Reeves, journalist and faculty member at the Annenberg School for Communication and Journalism, died Wednesday at his home in Los Angeles from cardiac arrest, according to an In memoriam piece from Annenberg. He was 83. “He was always super encouraging and treated me just the same as the people who were older and had more experience,” said Lauren Giella, a senior majoring in journalism who took Reeves’ magazine writing class last year. “He took that time to make sure that every piece that I turned in, every draft after every edit was better than the one before.” “He was thorough, he was a really good writer, he was great at interviews, he developed a really good network of inside sources. I mean, he was everything we try and teach our students to become, and he was a good friend,” Kotler said. “He’s gonna be missed because he was one of the good guys. He was authentic, nothing phony about him.” Reeves is survived by his son Jeffrey Reeves, his daughters Cynthia Fyfe and Fiona Reeves and his stepsons Conor and Colin O’Neill. “It’s something small, but it really shows he really tried to take interest in the things his students were interested in,” Peplow said. “You would have meetings with him normally that were supposed to go for 30 minutes, and they would last hours and hours. And he would just ask you everything you were interested in because he genuinely wanted to understand what drove you and what you loved.”
Riding a four-game winning streak, the USC women’s tennis team is set to face off against host team Virginia in the first round of the ITA National Indoor Intercollegiate Championships in Charlottesville, Va. this weekend.Seeded third in the tournament behind UCLA and Duke, the Women of Troy (4-0) have a tough draw in the opening round against a Cavaliers team that will have heavy support from the crowd. Heading into the match, USC is looking to record its fifth straight shutout in as many games this season, which would mark the first time that has happened since 1982.“Virginia is a tough, challenging team, and they really match up well against us and it should be a good match,” USC head coach Richard Gallien said. “We’re healthy physically and mentally, and we are ready to go out there.”Last season, the Women of Troy also came into the ITA National Indoors undefeated (5-0) but were seeded at No. 16 in the tournament. After upsetting No. 8 North Carolina in the first round, USC would make it all the way to the semifinals — the first time that had happened since 2003 — before bowing out against UCLA.On the doubles’ side, junior Kaitlyn Christian and sophomore Sabrina Santamaria have won two consecutive ITA National Indoor Doubles titles and currently sit at the top of the national rankings.Virginia will present a stiff test for the Women of Troy, not only because of the home field advantage, but because of their ability to match up with USC in both singles and doubles. Led by freshman Julia Elbaba, who currently ranks No. 4 in the nation, the Cavaliers also boast a pair of ranked players in Stephanie Nauta and Li Xi, who sit at No. 43 and 44, respectively.Nauta and Xi form one of the nation’s best doubles tandems and their No. 10 ranking is indicative of their strong play, which includes a trip to the finals of the 2012 USTA/ITA National Indoor Intercollegiate Championships where they fell to Christian and Santamaria. Though the pair of Erin Vierra and Maci Epstein did not make it as far in the 2012 USTA/ITA Indoor Championships, they are ranked higher nationally, at No. 5, than their teammates.Virginia automatically qualified for the tournament because of their status as the host team. The Cavaliers have played just one match so far this spring, defeating VCU 5-2.The Women of Troy will counter the Virginia attack with a quartet of ranked singles players as well, led by senior Danielle Lao. Though the rankings have not changed, the new polls this month should see a rise for each of the girls. Sophomore standout Giuliana Olmos, in particular, might see her name attached to a ranking this time around.The Jan. 29 Pac-12 player of the week has shined brightly in USC’s strong start to the year, and Gallien has been extremely impressed with her hard-nosed style of play. Already returning a strong lineup from last season, the addition of Olmos helps make USC a NCAA title contender.With a win against Virginia, the Women of Troy will play against either Texas A&M or have a rematch with No. 6 North Carolina in the next round.“There’s no one in this tournament who can bully us,” Gallien said. “We just need to go out and play to our ability.”
His tweets about the Orange’s victories circulate more on social, averaging 33 likes per tweet, while his thoughts about losses average a little under 15 likes each. And his players have started to latch on.“He likes to vocalize everything he says to us,” Taylor Bennett said, “and then just put it on the internet. It’s pretty much the same message.”Most of his likes and retweets are from players’ parents like Jenna Tivnan’s mom, Teri, and Shannon Aviza’s dad, John. Kate Hostage and Bennett occasionally react to his tweets as well.Wheddon also finishes his tweets with a multitude of hashtags. One that occasionally pops up is #wewill, which he said references getting past losses and adversity.For players like Bennett, Wheddon’s optimism is the “perfect reset” after a loss.“Sometimes I believe in them more than they do,” Wheddon said, “so I tell them that.”He tweets it, too. Facebook Twitter Google+ Comments Published on October 3, 2018 at 10:44 pm Contact KJ: kjedelma@syr.edu | @KJEdelman On Sept. 9, Colgate cruised past Syracuse, 3-1. The game concluded a few minutes after 4 p.m. More than five hours later, SU head coach Phil Wheddon took to Twitter.Wheddon tweeted, “Everything we do we do together. We win, we lose, we fight, we fall. We congratulate our opponent but now we regroup & grow. Learning hard lessons will motivate us all. We must continue to develop & prepare for our next opponent. No stone left unturned @cusewsoc”Since the tweet, SU has gone 0-5. After each loss, another positive remark follows.“I believe in this team still,” Wheddon said. “I’m just trying to make this a common thing for us to realize.”Under @PWSUSoccer, Wheddon became more active on his social media page when the season started, reacting to game outcomes publicly. He’s tweeted after 11 of Syracuse’s (3-9, 0-4 Atlantic Coast) 12 games. He rarely talks about statistics and things that went wrong.AdvertisementThis is placeholder textHis tweets are a mix of shoutouts and motivational quotes, with a new element of consistent, optimistic game analysis.Accounts like @CoachMotto and @Sports_Greats fill his page. Often, Wheddon retweets quotes from sports legends like Bill Russell and Kareem Abdul-Jabbar. While most of his followers are soccer and SU-related, the rest are people who promote positivity and stronger mental mindsets.Two people, Dr. Jim Afremow, an MLB mental performance coach, and positivity author Jon Gordon, pack the bulk of his feed.One tweet from Gordon, “Great teams should have amnesia about what they accomplished (stay humble) and a great memory of all the little things they did to get better (stay hungry),” was retweeted and then quoted a day later by Wheddon.Usually a couple of hours after a game, Wheddon tweets a long-form — albeit 280 characters max — reaction, win or loss. He hadn’t tweeted as frequently after games in past seasons.Laura Angle | Digital Design EditorWhen SU wins, Wheddon only talks strengths. After an 83rd minute game-winner from Georgia Allen against Northeastern, Wheddon tweeted, “Really proud of the entire squad today. Everyone played a role and did it to the best of their ability.”After a loss, Wheddon tweets a negative note before highlighting positives. Against Boston College, a 3-0 shutout, Wheddon tweeted “It’s all about details and execution. We will all be better through this adversity & will be stronger because of it.”“They’ve beaten us in a difficult league like this,” Wheddon said on Sept. 25. “So I always say my thoughts but congratulate the opposing team.”
There’s semi-final double-header for the hurlers at Pearse Stadium.Ulster will face Connacht in the opener at 12:30 before the clash of Munster and Leinster, which will throw-in at 2 o’clock.The football semi-finals are both being held in Ulster this evening. Munster versus Leinster is in Pairc Esler in Newry from 4 o’clock, while Ulster will host Connacht at the Athletic Grounds, where the throw-in is set for 7pm.
Stock photo of horse racing | Photo © Pixabay The final line-up for Saturday’s Grand National at Aintree has been confirmed.40 runners have been named for the famous race, with last year’s runner-up The Last Samurai heading the field.Vieux Lion Rouge and Definitely Red are the current bookmakers’ favourites. The festival gets underway today with the first off at 1.45.Here at home, Limerick hosts a seven-race card where the first is off at 2.