Can Commercial Real Estate Investors Help Revive Single-Family Housing?

  
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From: Distressed Real Estate Strategies [mailto:[email protected]]
Sent: Tuesday, February 28, 2012 1:30 PM
To: Curtis Cgrea
Subject: Can Commercial Real Estate Investors Help Revive Single-Family Housing?

 
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Distressed Real Estate Strategies February 28, 2012 · Can Commercial Real Estate Investors Help Revive Single-Family Housing? · CBRE Global Office Rent and Value Indices Show Gains · Low Interest Rates Boost Refinancing Opportunities for Seniors · Trump to Acquire Miami’s Doral Hotel for $150M
TOP STORY
Can Commercial Real Estate Investors Help Revive Single-Family Housing? By David Bodamer, Editorial DirectorWith the latest data from the Case-Shiller National Index showing that housing prices have fallen for the eighth straight month and are now back to January 2003 levels, the housing crisis appears no closer to its end.

But might there be an unlikely savior on the horizon for the single-family sector in the form of commercial real estate investors? On Monday, the Federal Housing Finance Agency (FHFA) announced a pilot program through which it would take bids from investors to buy foreclosed residential properties in bulk for the purpose of turning them into rentals. Full Article

RESEARCH
CBRE Global Office Rent and Value Indices Show Gains Staff ReportsCBRE reported a 5 percent increase for its Global Office Rent Index and an 8.2 percent increase for its Global Capital Value Index for 2011. Deal momentum slowed down in the fourth quarter, however, with the Global Office Rent Index rising only 0.48 percent and the Global Capital Value Index rising 0.44 percent.

In contrast, the average growth rate for the Global Office Rent Index during the five quarters leading up to fourth quarter of 2011 was 1.2 percent. The average growth rate for the Global Office Capital Value Index was about 2.2 percent. Prior to the onset of the recession, both indices reported quarterly growth of more than 10 percent.Full Article

FEATURED
Low Interest Rates Boost Refinancing Opportunities for Seniors By Jane Adler, Contributing WriterSeniors housing owners looking to refinance their properties this year will find money available, though lenders are cautious and still have fairly strict underwriting standards.

“So many banks have impaired portfolios,” notes Jeffrey Davis, chairman and CEO at Cambridge Realty Capital Companies, a Chicago-based seniors housing finance firm. A well-performing seniors housing property due to be refinanced in 2012 may have trouble getting a new loan from a local lender, Davis notes. “The bank may want to reduce its real estate exposure.”Full Article

DEALS
Trump to Acquire Miami’s Doral Hotel for $150M Staff ReportsThe Trump Organization has announced that it will purchase Miami’s iconic Doral Hotel & Country Club for $150 million.

The Trump Organization is planning a multimillion-dollar renovation, with the intention of restoring Doral to its former grandeur. The Trump Hotel Collection, the hotel management division of The Trump Organization, will assume the management of the property by next June. The property will remain fully operational throughout the renovation, which is expected to conclude in late 2013.Full Article

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