Commercial Real Estate Restructuring Revolution / Wiley Finance Editions (ePub)

How to plan for the commercial real estate collapse



Encompassing apartment, office, retail, hospitality, warehouse,
manufacturing, and flex or R & D buildings, commercial real
estate (CRE) investment in the U.S. totaled $6.4 trillion at the
end of 2008. As noted in the February 2010 Congressional Oversight
Panel Report, $1.4 trillion of CRE debt is coming due by 2014 and
half of the CRE projects securing such debt are underwater.
Commercial Real Estate Restructuring Revolution: Strategies,
Tranche Warfare, and Prospects for Recovery looks at how we got
into this mess-impacts of the housing crisis, debt
structures, lender-borrower collusion, and bankruptcy
abuses-and offers possible solutions to the CRE crisis. Along
the way, author Stephen Meister:

* Discusses how CRE value losses are being
driven by investors' risk adjusted cap rates, not just poorer
market fundamentals

* Discusses strategies and emerging trends
in CRE foreclosures, including forced lender fundings, lender
attempts to chill bids and UCC foreclosure tactics and
pitfalls

* Proposes legislative solutions and
explains how any rebound will require federal spending cuts, a vast
deleveraging and a market clearing process

With a crashing CRE debt market and the hundreds of CRE-heavy
regional banks destined for failure, getting out ahead of the curve
is essential. Commercial Real Estate Restructuring
Revolution addresses how we got here and how you can plan for
the impending crash.