Commercial Real Estate’s “New Normal”: No Wiggle Room
August 4, 2011 — Proper valuation and due diligence is essential to a successful investment strategy. We thought it would be helpful to share our insights on how best to mitigate some of the risks associated with making bank portfolio acquisitions in a rapidly changing market – and perhaps provoke some thought and discussion along the way. That is why Summer Street Advisors is sponsoring a series of articles examining various aspects of underwriting and valuation.
CMBS 2.0: Is It Safe To Get Back In
June 16, 2011 — Proper valuation and due diligence is essential to a successful investment strategy. We thought it would be helpful to share our insights on how best to mitigate some of the risks associated with making bank portfolio acquisitions in a rapidly changing market – and perhaps provoke some thought and discussion along the way. That is why Summer Street Advisors is sponsoring a series of articles examining various aspects of underwriting and valuation.
Solid Commercial Real Estate in Uncertain Times: The Quiet Strength of Good Management.
April 13, 2011 — The persistent phenomenon of the economic recovery continues to be that of two separate markets. On one hand core metropolitan areas, especially coastal gateway cities are witnessing cap rates and purchase prices on par with pre-recession levels and a kind of bidding war for the best quality stabilized assets, particularly in multi-family. The rest of the country, especially in secondary or tertiary markets, continues to exist in a state of limbo, with little interest from capital and continued distress as the fundamental demand for space has not returned.
Know What You Don’t Know: The Unique Challenges of Community Bank Distressed Debt Portfolios
February 11, 2011 — With the worst days of the downturn seemingly behind us, investors, lenders and principals are starting to pick up the pieces. It may very well be a good time to invest, with a large number of troubled loan portfolios from community banks likely to come on the market. But these opportunities do not come without risk. They require a careful, nuanced and strategic approach – standard underwriting and valuation alone will just not tell you what you need to know.