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...Breit discloses other metrics more commonly used by public real estate investment trusts....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...PwC was Evergrande’s auditor when the developer listed in 2009, and signed off its books as it expanded rapidly using eye-watering leverage during China’s real estate boom....
...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
...Service, which feeds into real estate platforms such as Zillow....
...But they still need agents — particularly those who sell real estate as a side hustle — to stay put, rather than go the way of travel agents. pan.yuk@ft.com...
...The posted bond has prevented New York state from seizing his assets — particularly his prized real estate — while he appeals a $464mn fraud judgment....
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...Weightman stepped into the private credit arena after his 2020 departure from Cromwell, the Australian real estate investment firm he founded two decades earlier, following a bitter boardroom battle....
...Economists estimate that the changes could cut the $100bn Americans pay annually in real estate fees by as much as 30 per cent....
...“The transaction itself can be a real catalyst,” he said....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...Meanwhile, Germany’s real estate market faces a reckoning of its own....
...Hengda Real Estate, Evergrande’s mainland business, was also audited by PwC Zhong Tian, a mainland entity affiliated to PwC’s network....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...She has a strong record of delivering profits at Boeing’s services business while both the commercial and defence divisions floundered....
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...Real estate is designed to generate income, farmland is designed to generate income. Jobs at the FT are designed to generate income. Lol. But, still, who cares?...
...“It’s a good time for select names in Chinese real estate. It is 25, 30 per cent of [gross domestic product] and it’s not going to disappear,” said Koenigsberger....
...The milestone signals that pressure is falling on the fund, called Blackstone Real Estate Income Trust (Breit), after a dash for redemptions over fears about real estate valuations caused Blackstone to limit...
...“You have to have a real story behind the trip to have it approved now,” one London-based banker says....
...As a result, the shift that we’re seeing in business processes for regional banks is actually more pronounced outside of real estate than in real estate....
...In 2015, the US Consumer Financial Protection Bureau ordered two of Hankey’s companies, Westlake Services and Wilshire Consumer Credit, to collectively pay nearly $50mn in restitution and fines....
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