On October 21, the Portland Alternative Investments Association held a fall education panel sponsored by the Securities Analysis Center. In a wide ranging discussion, panelists discussed the current state of the U.S. housing market, the likelihood of a "double dip," structural and behavioral factors supporting improvement in commercial real estate, and the long tail of recovery that might exist in the residential housing market. Experts included Jon Fosheim, managing partner, Oak Hill REIT Management; Rance Gregory, CEO, NBS Real Estate Capital; Darin Turner, portfolio manager, Invesco; and Paul C. Westhead, managing director and CEO, Rimrock Capital Management.