Bruce Davis
Cycles, Write Downs Provide Development Opportunities
By Bruce Davis, Principal, Lee & Associates Atlanta: In economic expansion eras, developers often get overzealous in bidding up the prices of land acquisition for their projects.
Obamacare’s Negative Impact on Economy
By Bruce Davis, Principal, Lee & Associates Atlanta: Obamacare has been a bone of contention in the battle that has frozen the federal government. For the economy, its impact will be much more destructive.
Single Family Homes an Asset Class
By Bruce Davis, Principal, Lee & Associates Atlanta: A recent phenomenon in the residential market is for institutional investment groups to place large amounts of funds into the acquisition of single family homes.
Student Housing: Sourcing the Institutional Equity
By Bruce Davis, Principal, Lee & Associates Atlanta: A purpose-built student housing project is a very specialized type of development, with everything from its own nomenclature to specific performance and underwriting guidelines.
U.S. Economy: Kinetic Energy Abounds
By Bruce Davis, Executive Vice President/Principal – Lee & Associates Atlanta: We have a vast disparity between the left and the right at present, exemplified in its rawest form by the fiscal cliff negotiations between the executive branch, which seems to think that we have “no spending problems,” and Congress, which doesn’t know what to think, other than to fear the race card.
The Libor Furor
By Bruce Davis, Senior Partner, Lee & Associates Atlanta: The recent discovery that Libor (London Interbank Offered Rate) may be impure and has been manipulated is one more element of disgust that investors are finding with large money center controls in the marketplace.
Borders: A Cautionary Tale for the Net Lease Investor
By Bruce Davis, Lee & Associates Atlanta
The key here for owners and prospective investors is the power of bankruptcy judges. Though a strong infusion of cash has been pre-negotiated with GE Capital Corp. to accommodate the bookstore’s reorganization under Chapter 11, the terms are said to be most specifically contingent on the borrower having the bankruptcy judge set aside, or give them an escape plan for, a number of their deals. This can not only affect landlords but other tenants who co-locate around vendors such as Borders as well as other types of retailers.