Federal Reserve’s Influence on Real Estate Investments

August 1994, Vol 19, No 2 Abstract: The Federal Reserve and its chairman, Alan Greenspan, have become household words. As the lead player in curbing inflation, the role of the Federal Reserve continues to make daily headlines nationwide, along with fighting crime. In this article author Jim Gibbons provides the reader with a provocative explanation of… Read more

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The Creative Destruction of Real Estate Capital Markets

August 1994, Vol 19, No 2 Abstract: Arising out of the destruction of real estate capital markets over the last four years are new market forms that may reduce the cost of real estate capital, if industry practitioners can solve some ongoing problems. The article cites real estate funding as related to commercial banks, insurance companies… Read more

The Big Switch: Public Capital Replaces Private Debt

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… Read more

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Emerging Trends in Commercial Mortgage Securitization

August 1994, Vol 19, No 2 Abstract: The authors provide authoritative information on why in commercial mortgage securitization, fundamental transaction components are critical to successful execution, including an organized collateral pool, methodical and comprehensive due diligence, a deal structure consistent with rating agencies criteria, and a well defined strategy and master/special servicer relationship.

Creating a More Efficient Real Estate Capital Market

August 1994, Vol 19, No 2 Abstract: The real estate capital market in 1994 is very different from what it was at the beginning of this decade. The authors present an overview of where capital markets are headed and why today’s use of debt and equity securitization is a more efficient way to decrease the cost… Read more

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The Washington REIT Strategy: Financing, Investment and Management A Case Study

August 1994, Vol 19, No 2 Abstract: The Washington Real Estate Investment Trust (WRIT) provides a unique opportunity to study strategy. Frank Kahn, the CEO of WRIT, not only has created a successful REIT which has consistently outperformed other REITs for decades, but he has formulated a strategy which is consistent with academic research. This article attempts to document WRIT's strategy and evaluate it in terms of currently acceptable... Read More

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