Hints and tips:
Related Special Reports
...Most publicly listed property trusts in the US can handily cover dividends using cash flows from rents, according to Green Street, a commercial real estate research group....
...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...“None of them is a real estate expert,” the creditor said....
...PwC has built up a significant business auditing Chinese real estate groups, and has acted for several other developers that have struggled, including Country Garden, Sunac, R&F Properties and Shimao....
...estate special situations investing team, and has more than $4bn of net assets under management....
...“The challenges are real,” said Aon chief executive Greg Case, in an interview with the Financial Times....
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...The placing comes as commercial property investors start to hunt for deals following a steep fall in real estate valuations brought on by rising interest rates....
...“We’re in a different era that does not favour debt in relation to real estate purchases,” she says....
...Blackstone’s president Jonathan Gray has also said he believes property valuations are beginning to bottom. “We really see real estate bottoming from a valuation standpoint,” he told the FT in January....
...Fifteen years later, China Evergrande, the world’s most indebted property developer, has collapsed — and they are handling the wreckage....
...The US firm, which is the world’s largest owner of commercial real estate, paid about €1.1bn for the whole portfolio. It has managed the property with its partner Kryalos, an Italian real estate firm....
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...It follows a broader trend in professional services....
...Scott Rechler, the chief executive of RXR, one of New York’s largest office landlords, is teaming up with Ares Management, an alternative investment manager that has $49bn in real estate assets....
...Real estate is “hyperlocal”, as Hendry puts it, so property-level analysis (or rock-solid conviction in a Reit’s managers) is a must....
...I used to work in Los Angeles and still visit regularly, pretending it’s about catching up with old friends and professional contacts....
...Adam Leitman Bailey, a New York real estate lawyer, noted that many Trump properties carried mortgages....
...“There was a readjustment [in 2023],” says Tamzen Isacsson, chief executive of the Management Consultancies Association (MCA)....
...The company’s cash is real enough. But some is going to have to go back....
...Savills suffered losses in its European and North American businesses last year as an “extremely subdued” global property market hits revenues for real estate advisers....
...It contrasts with the situation at Evergrande, the world’s most indebted property developer. Its default in 2021 sparked an ongoing liquidity crunch across China’s real estate sector....
International Edition