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Distressed Opportunities 

The recent bankruptcy filing by retailer Syms signals that the distressed asset fallout is far from over in the commercial real estate market. In addition, roiling credit markets and the reduction in both commercial and residential real estate values have

Value Play 

Value oriented real estate investors believe that real estate assets have an underlying intrinsic value that can be determined by analysis and evaluation. Opportunities for profitable investments arise when the asset’s purchase price is below its intrinsic value. Value investors

CMBS Concerns 

Since becoming popular in the 1980s, commercial mortgage backed securitization promised commercial real estate borrowers access to more loan capital, often at the most competitive interest rates. The trade off was more complexity in loan structure and documentation and very

Pop Goes Retail 

A pop up lease is more than just a new name for a traditional short term lease. The power of new media, along with the effects of the Great Recession, has created fertile conditions for a new breed of short

Trust-Worthy Tips 

Charitable remainder trusts are unique and powerful giving tools with useful applications in commercial real estate. CRTs often are employed to address the three biggest tax hurdles real estate investors face current income tax, capital gains tax, and estate tax.

Out of Gas 

Gas prices increased 20 percent during the first half of 2012. Lower oil prices decreased the pump price earlier this summer, but in late July, prices started climbing once again. Paradoxically, one of the businesses most negatively impacted by higher

Negotiate to Win 

I used to think that I was a good negotiator. I thought that I had been born with an instinctive knack for negotiation, imbued with gifts that made me capable of representing my clients better than anyone else out there.

Hold or Sell? 

The real estate market collapse resulted in countless distressed condominium developments. Lenders are often asked to fund failed condo development completion costs and home owner associations’ operating deficits, with little promise of a positive performance. How do they determine whether

Alternative Risk Retention for Commercial Real Estate 

In response to input from the commercial real estate industry, the Dodd Frank Wall Street Reform and Consumer Protection Act expressly contemplates flexibility and custom tailoring for commercial mortgage backed securities risk retention requirements. The contemplated regulations shall specify the

REITs Rev Up 

Amassing capital in a credit restricted market topped real estate investment trusts&rsquo 2009 priority list, with more than $14.4 billion raised in equity issuance and another $6.7 billion in debt, according to Fitch Ratings. For the majority of REITs, these

A Tale of Two Markets 

&ldquo It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the

TICs Today 

Several years ago, tenancy in common 1031 real estate exchanges were on a steady upward trajectory that seemed destined to continue indefinitely. Within the past year, however, the growth curve has flattened, with the securitized TIC market taking the majority

TIC Tactic 

During the past decade, many investors have taken advantage of Internal Revenue Code Section 1031 tenancy in common exchange strategies. The TIC concept permits small to midsize accredited investors to own and obtain title to professionally managed, potentially institutional quality

Compound Logic 

In today’s highly competitive market, commercial real estate professionals continually look for ways to enhance their value to clients. Fortunately one of the best tools for accomplishing this value add status may be the well known Section 1031 tax deferred

Investor Insights 

When it comes to investing in today&rsquo s commercial real estate market, industry pro and author Kenneth D. Rosen, CCIM, founder and president of Kendar Realty in Coral Gables, Fla., has some simple advice &ldquo Stick with what you know.&rdquo

Money Magnets 

Capital that is now on the sidelines is likely to return to the market as a floor on asset pricing emerges and values become attractive once again. However, while lending conditions are expected to remain tight during the next 12

QI Questions 

The unregulated Section 1031 exchange industry has suffered instances of misappropriated client funds, breaches of fiduciary duty, theft, and qualified intermediary bankruptcy filings. The task of qualifying a QI has become paramount for real estate investors and their advisers. Understanding

Physical Fitness 

Commercial real estate investors conduct many types of due diligence, such as financial, legal, and physical. Regarding the latter, many investors assume that if they follow the current physical due diligence standard, ASTM guideline E2018 08, Standard Guide for Property

Lease Resistance 

As if rental demand weren’t already an issue, new accounting standards could make purchasing space more attractive than leasing. The changes will effectively eliminate most of the accounting differences between owning and renting a building. And in a market that

Navigating the Maze 

The labyrinth of rules that taxpayers must follow when completing Internal Revenue Code Section 1031 exchanges can be overwhelming. Commercial real estate developers often prefer to avoid this maze, thinking that most of their work involves non qualified inventory. However,

Restaurant Re-use 

Most owners of retail properties have restaurant tenants. Whether they are located on an end cap, inline, or on a free standing outparcel, these restaurants make up an integral component of the retail investment landscape. Savvy property owners recognize that

Ready for Reform? 

On July 21, 2010, the Dodd Frank Wall Street Reform and Consumer Protection Act was signed into law. The risk retention requirements under Dodd Frank for asset backed securitizations, including commercial mortgage backed securities, have garnered substantial attention from the

Where's the Money? 

Asked where real estate investors are putting their money (if unable or unwilling to invest in real estate), Integra analysts ranked the capital vehicles in most to least preferred order. From the looks of REIT prices in April 2009, the

ROI Check-Up 

Many investors ignore the return on investment that property condition assessments often can deliver. PCAs yield an ROI in three ways protecting buyers from bad purchases providing buyers with information for price negotiations with sellers and finding opportunities to improve

Balancing Act 

Commercial real estate investors and traditional wealth managers live in the same world but speak different languages. While both camps are involved in asset allocation, wealth managers seldom understand how to deal with leveraged, illiquid property assets. Real estate investors,