Search

Institutional Investors Rethink Their Real Estate Holdings 

Pension funds and life insurance companies traditionally have been long term real estate investors. However, recent market changes have made these institutional investors rethink how these assets fit into their portfolios. Real estate historically has appealed to these investors because

Debt Capital Remains Available Despite Market Changes 

Despite rising interest rates and increasing spreads, debt capital remains available and in demand for commercial real estate. While institutional lending was up significantly as of second quarter 1999 and all institutional lenders have been active, some interesting changes in

Investors Find Value in Japan's Nonperforming Mortgage Loans 

As a result of the Asian economic crisis, Japanese banks have a large number of nonperforming mortgage loans that will require a significant effort to resolve. The Japanese Ministry of Finance estimates that problem real estate assets held by Japanese

Industry Monitors Effects of Interest Rates and Economic Conditions 

Commercial real estate is a capital intensive industry in both public and private markets. Interest rates and spreads are key benchmarks for lenders in determining their cost of capital to borrowers. The industry also is dependent on the health of

Calculating the Overbuilding Equation 

During the dismal first half of the 1990s, new commercial real estate development ground to a halt. Construction was absent from the industry for so many years that developers began to think of themselves as property managers. But mid decade,

Maturing CMBS Market Adjusts to External and Internal Factors 

After a fairly steady rise in issuance for seven years, it appears that the commercial mortgage backed securities market will have a second consecutive year of declining issuance. By midyear, issuance was down more than 30 percent compared with the