Distressed Assets

  • Stack and Attack: Behringer Harvard Deploys Multifamily REIT Capital

    Addison, Texas-based Behringer Harvard dominated the 2009 multifamily transaction arena by deploying capital from its Multifamily REIT free from legacy assets.

     

  • Multifamily Rent Recovery Predicted to be Slow

    NAHB says multifamily rent recovery will be a slow, lengthy process.

     

  • Multifamily Predicted to Hit Bottom by Year End

    If you thought the multifamily industry bottomed out in 2009, hold on to your hats. The murky depths of the Great Recession are still to come, according to recent forecasts.

     

  • Mum's the Word on Who Sought Stuy Town TALF Funds

    The Tishman Speyer and BlackRock Realty joint venture that acquired the now-embattled Stuyvesant Town/Peter Cooper Village property in New York for $5.6 billion in 2006 didn’t apply for $1.5 billion in TALF support for the property from the New York Federal Reserve, but somebody did. Responding to...

     

  • Behringer Harvard Continues Acquisition Tear

    For those interested in watching the construction of a multifamily asset portfolio in progress, look no further than Dallas-based Behringer Harvard, which announced its acquisition this week of San Sebastian, an age-restricted multifamily community in Laguna Woods, Calif., approximately 35 miles...

     

  • Fairfield Bankruptcy No Surprise, Experts Expect Orderly Restructuring

    Earlier this week, San Diego-based Fairfield Residential, the nation’s 13th largest apartment owner, announced that it was filing for Chapter 11 bankruptcy protection. Now that the dust has settled, experts say the filing was long expected, and despite the news, the industry can expect an orderly...

     

  • StuyTown Market-Rate Units Return to Rent Control

    Attorneys representing Tishman Speyer and residents of Manhattan’s behemoth Stuyvesant Town/Peter Cooper Village apartment complex reached a partial settlement in ongoing legalities this week that will ultimately see the return of some 4,400 units at the mega-community back to rent stabilization...

     

  • Delinquencies Continue to Rise

    Not surprisingly, a third-quarter Mortage Bankers Association (MBA) report says delinquencies rose in the multifamily business (and all of commercial real estate) from the second to third quarters. While the 90-day-plus delinquency rate on Freddie Mac remained unchanged, Fannie Mae’s 60-day-plus...

     

  • Distressed Properties Pose Challenges to Property Managers

    Aggressiveness is required throughout the process of managing REOs, but the benefits can be solid.

     

  • Carlos Vaz Builds Reputation on Distress in Dallas

    Self-starter, immigrant, and head of Conti Organization focuses on buying notes at below face value.

     
 
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