Finance
A Monumental U.S. Property Fund Index
A webinar hosted by the Pension Real Estate Association and Investment Property Databank this week unveiled the consultative release of the new Index for the second quarter of 2012, which encompasses the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector specific funds.
The Outlook for Investing in Secondary and Tertiary Markets
Key takeaways from the recent MHN-CPE webinar “Secondary and Tertiary Markets: Identifying, Finding and Investing in Commercial Real Estate Opportunities.”
Bellwether Enterprise Provides $75M in Loans for Seven Properties
The multi-family commercial banking subsidiary of Enterprise Community Investment provided a loan to a Cincinnati-based owner for the refinancing of seven garden-style apartment properties.
Fannie’s, Freddie’s Woes Don’t Extend to M-F Side
New amendments to the GSEs, such as the percentage dividend payments to the Treasury and reductions to their investment portfolios, will still leave the multi-family market unscathed.
Portman Holdings' Jeff Warwick on the Capital Markets' 'Real Question'
Veteran investment banker Jeff Warwick, who currently oversees Portman Holdings’ national investment platform, discusses the capital markets’ balance sheet and offers a contrarian view on what he calls the “real question” for real estate finance–resolving CMBS.
Apartment Trust of America Gets $537M Recap, New Name
The recapitalization included the investors’ contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.
Hillwood-Brookfield JV Buys 1.6 MSF at Memphis Distribution Center
Hillwood Investment Properties and Brookfield Asset Management teamed up to acquire five Class A industrial buildings in Southpark Distribution Center in Memphis.
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Compatriot Capital Expands M-F Presence with JLB Investment
Compatriot Capital Inc. has taken a significant step in its 10-year business plan through a new deal with national multi-family developer JLB Partners L.L.C.
Cassidy Turley: CRE Recovery a Tale of Two Markets
In a year where the U.S. economy remains “stuck in a slow growth gear,” commercial real estate recovery is uneven and there are very clear winners and losers, according to Cassidy Turley chief economist Kevin Thorpe.