August 1994, Vol 19, No 2

Abstract: With interest rates so low and the demand to securitize real estate so high, 1994 is sure to be a record year for securitizing private real estate debt, eclipsing the $15 billion total of 1993. The article explains how activity will spring from four areas: banks and insurance companies securitizing mortgage portfolios; corporations and institutions placing real estate into shared appreciation entities; private owners placing one or more properties into CMOs, REMICs or private placement entities; and the simultaneous securitization of equity and debt ownership.