Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery

Product DescriptionHow to plan for the commercial real estate collapseEncompassing 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 forec. . . More >>