Narrow your search

Topic

Author

Published

Issue

Search

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

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

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

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

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

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

Engineering Value 

It seems like only yesterday that real estate investors and developers breezily talked about easy exit strategies and double digit internal rates of return. When lenders and investors were eager, winning at real estate was more about managing the capital

Due Diligence: Digging Deeper 

Lenders have overhauled their lending criteria and underwriting guidelines, so why shouldn’t buyers do the same? During these challenging times, property investors must refocus on the fundamental aspects of investment analysis to properly substantiate value in the purchase price. When

The Big Fix 

Deferred maintenance in commercial real estate properties poses a significant challenge for market participants over the next several years. While nonrecourse lenders may suffer the most in the short term, this issue will be a serious consideration for property owners,

Foreclosure Fortunes 

In today&rsquo s market, the difference between traditional and distressed sales is mostly in the buyer&rsquo s mindset. Traditional sales currently are driven by need &mdash only investors who need to fulfill Section 1031 exchanges or other financial or market

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

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

Cost Comparison: A Case Study 

When looking to extinguish fixed rate debt, borrowers have two alternatives yield maintenance or defeasance. Both methods allow the borrower to unencumber the underlying real estate asset, and both compensate for the lender’s reinvestment risk following prepayment. However, each method

Cost-Segregation Savvy 

If you’ve been using cost segregation studies to accelerate depreciation of your commercial property, you’ve likely cut your taxes considerably. But could you save even more? Not all cost segregation studies are created equal. So what can you do to

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,

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

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

Cashing Out 

Over the years, many real estate investors have had the good fortune of large appreciation in the real estate market. At the same time, many of those investors now are worried about potentially losing a significant amount of their appreciation

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,

Triple-Net Triple Threat 

Looking for a rock solid investment in a shifting economy? Look no further than single tenant net leased properties. In markets where shopping centers sit empty and office buildings are dark, the lights are on (usually 24 hours) at the

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

Exchange Your Strategy 

An increasing number of today’s commercial real estate investors are knowledgeable about the benefits of exchanging qualified investment real estate under Internal Revenue Code Section 1031. However, they might not realize that 1031 exchanges aren’t ideal for every investor or

Contract Exchanges 

In specific markets such as California, New York City, South Florida, Las Vegas, and Phoenix, condominiums are the hottest investments. Many investors are looking for creative 1031 transaction structures to cash in on these booming commercial real estate markets. One

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

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