or Industry News | Crocker

Industry News
Date Posted Article Name Summary Links
07/20/2011 “Nearly Half of Commercial Mortgages that Mature in 2011 are Underwater”, by John Covaleski, Commercial Real Estate Direct, June 29, 2011 Capital Markets:  This article highlights the tsunami of underwater commercial mortgages that are set to mature over the next 4 years.  It indicates that over $250 billon of equity will be required to rebalance the loans. Download
07/20/2011 “Time to Focus on “Next-Tier” U.S. Markets by Lee Menifee and Sandra Padilla, The Institutional Real Estate Letter-North America, May 2011 Investment Opportunity: This article presents a compelling case as to why investors today should focus on acquiring assets in secondary markets. Download
06/14/2011 “Money Managers Queuing Up To Buy Real Estate Debt” by Arleen Jacobius, Pensions & Investments, June 13, 2011 Capital Markets: Arleen Jacobius of Pensions & Investments reports that money management firms are looking to take advantage of $1.5 trillion of real estate debt maturities  expected over the next 36 months that will require an estimated $450mm of equity to rebalance these loans. Download
03/24/2011 “The Right Time for Risk” by Dave Esrig of J.P. Morgan Asset Management, January, 2011 Capital Markets: Dave Esrig of J.P. Morgan Asset Management argues that investors should act quickly to take advantage of distressed pricing for assets. He believes that waning growth in distress and improvements in the US economy suggests that the best vintage years may not last as long as some believe. Download
01/18/2011 “Waiting For the Tide to Come In” by Nori Gerardo Lietz & Angelika Eibl of Partners Group, September 2010 Investment Opportunity: Partners Group argues that “herd” mentality will cause core and trophy properties to become overpriced. They make the case for investing in opportunities where capital is most constrained to obtain the highest risk adjusted returns. Download
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01/18/2011 Seeking Alpha: “Commercial Real Estate: Where is all the Distress Property” by Vincent Remealto of Master Plan Capital LLC, December 3, 2010 Capital Markets: A look into the current state of the distressed property market. Download
12/14/2010 Market Commentary: “Where’s the Beef?” by Hodes Weill & Associates, October 2010 Capital Markets: Market commentary discussing the recent shift into core properties by investors and the risks inherent in adhering to such a strategy. Download
12/14/2010 “Being the Early Bird: Re-Focus Emerging Manager Programs on Debut Funds and First Closes” by Morgan Creek Capital Management, LLC, September 2010 Investment Opportunity: Morgan Creek makes a case for investing in emerging managers. Download
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12/14/2010 Focus Topic: Real Estate – “The Long Road to Recovery” by Christian S. Busken of Fund Evaluation Group, LLC, Private Capital Quarterly, Third Quarter 2010 Macro Economics: Macro overview of factors impacting the real estate recovery. Download
12/14/2010 Research Review: “Private Real Estate” by Christian S. Busken of Fund Evaluation Group, LLC, Private Capital Quarterly, Second Quarter 2010 Capital Markets: Private Real Estate snapshot covering the capital markets, commercial real estate fundamentals, and each major sector/property type. Download
12/14/2010 “Atlanta’s in the Sweet Spot for Corporate Relocations” by Douglas Sams of Atlanta Business Chronicle, March 8, 2010 Regional Market News:  A description of why the Southeastern United States, specifically Atlanta, is experiencing an increase in corporate relocation and why this trend is expected to continue. Download
12/14/2010 Institutional Real Estate Letter, North America: “Historical Fund Performance: How Leverage, Size and Vintage Impact Returns” by Terry Ahern and Christopher Lennon of Townsend Group, April 2010 Investment Opportunity: Townsend’s Ahern and Lennon make the case that opportunistic funds do not offer enhanced risk-adjusted returns, larger funds do not outperform smaller funds and the best vintage periods occurred when the GDP was at its lowest. Download
12/14/2010 “Why Real Estate Now” by Michael C. Hudgins of J.P. Morgan Asset Management, Fourth Quarter 2010 Investment Opportunity: JP Morgan makes a case for investment in private equity real estate funds, particularly funds investing in the core plus and value add space. Download
12/14/2010 “Capital Markets Update” by Christopher T. Moyer of Cushman & Wakefield, August 9, 2010 Capital Markets: Market Snapshot including update on special servicers. Download
12/14/2010 Real Estate Business Online:”The Rise of Zombie Buildings: Lack of Capital Creates Eerily Empty Buildings” by Karl Hanson of Flagler Development, October 5, 2010 Distressed Assets: Overview of repositioning of zombie buildings that resulted from over leveraging. Download