1 / 10

Navigating Commercial Real Estate Challenges and Opportunities

Explore the market environment, risks, and opportunities in commercial real estate, including factors such as CMBS issuances, property sales, and rising cap rates. Gain insights into alternative investment disclosures and the complexities of non-traditional investment strategies. Stay informed on key trends to make informed decisions in this evolving landscape.

zavad
Télécharger la présentation

Navigating Commercial Real Estate Challenges and Opportunities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Atlantic Conference The Market Environment Challenges and Opportunities July 14, 2010 Bill Monagle, Partner and Senior Strategist

  2. Macro Events - Debt • Sub-Prime Mortgages • Residential • Structured Credit • Real Estate • Commercial • Residential • Financial Institutions • Bank Failures

  3. Commercial Mortgage Backed Securities - Issuance Source: Commercial Mortgage Alert – CRE Finance Council

  4. U.S. CMBS Issuance and U.S. Commercial Real Estate Sales are Correlated Source: Commercial Mortgage Alert – Real Capital Analytics – CRE Finance Council

  5. U.S. Commercial Real Estate Sales are Down and Cap Rates are Rising Source: Real Capital Analytics – CRE Finance Council

  6. U.S. CMBS Delinquencies Quarterly by Property Type Source: Trepp LLC – CRE Finance Council

  7. Comparison of Architects Billings (ARCHWOTB) and Inquiry (ARCHINQU) Indices Source: Bloomberg - AIA

  8. Real Estate - Commercial RE Loans Coming Due

  9. U.S. Bank Failures are Rising Source: Real Capital Analytics – CRE Finance Council

  10. Alternative Investment Disclosures • It is important to note the following characteristics of many non-traditional investment strategies including hedge funds, real estate and private equity: • Performance can be volatile and investors could lose all or a substantial portion of their investment • Leverage and other speculative practices may increase the risk of loss • These investments can be highly illiquid, and investors may be subject to lock-ups or lengthy redemption terms. There are no secondary markets for investors’ interests in hedge fund partnerships • Managers are not required to provide periodic pricing information to investors • These funds may involve complex tax structures and delays in distributing important tax information • These funds are not subject to the same regulatory requirements as registered investment vehicles • Fees are typically high • Trades executed for a hedge fund may take place on foreign exchanges • Limited partnership agreements often give the hedge fund manager authority to trade in securities, markets or currencies that are not within the manager’s realm of expertise or contemplated investment strategies

More Related