Commercial Real Estate: Where’s The Payoff?
February 9, 2012 — Every economic contraction teaches hard lessons, and the Great Recession dealt punishing blows to the commercial real estate sector. Borrowers, lenders and investors bring different pain points and business agendas to the table, but they share a common focus: Will this deal deliver the expected payoff?
Tale of Two Markets
August 16, 2011 — By all indicators, the U.S. economy will continue riding a “recession-recovery roller coaster” into 2012. The banking industry’s woes are well known, and of course, the recovery requires a solvent and competitive banking sector – we all remember TARP. Less publicized is the distinct impact the lending practices of the banking industry have made on the commercial real estate segment, in particular as it relates to investment by institutional players and REITs
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.