Commercial Real Estate Finance

Posts Tagged ‘UDR’

Hint: Stuy-Town's not the biggest

Toward the end of last year, Jerry Ascierto of Apartment Finance Today published a list of the largest multi-family real estate transactions to have taken place in the ‘oughts.’  It’s no surprise that many of these deals were acquisitions of REIT assets considering few private owners own as many units as the large public companies.  The most interesting transaction in the list, in my opinion, is the #1 largest multi-family deal; not because of its size, but because the deal went through in spite of a collapsing CMBS market.  That deal was a harbinger of things to come.  When CMBS financing was unavailable, Fannie and Freddie stepped in to push the deal through.  Hmmm…that sounds like every other multi-family deal that has traded since then.

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The Week of September 5-11

- And the REIT deleveraging continues…

- The toilet is starting to overflow, as five more banks got flushed.

- A huge Colorado condo development owner has filed for Chapter 11.

- A recent study by Jones Lang LaSalle shows that CRE velocity will pick up, while values will remain flat.

- Where GM might have failed, GE plans to succeed. Read the rest of this entry »

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