Tokyo in October is a breath of fresh air, which can also be said about the open and honest discussions held there this past October for the seventh annual Editorial Advisory Board meeting for The Institutional Real Estate Letter – Asia Pacific. Institutional real estate investors, investment managers and other industry representatives came together over the course of two-and-a-half days at Tokyo’s Imperial Hotel to tackle the toughest issues keeping them up at night — as well as to get to know each other better during various networking activities.

After two days of in-depth talks on a wide range of matters, both in small groups and as a collective whole, below are some of the main conclusions made by board members on a handful of salient topics determined by board members prior to the meeting:

• The GP/LP relationship

• Return expectations

• Real estate cycle and interest rates

• Adjusting for risk

The GP/LP relation