FIRREA and Its Effect on the Investment Community

Spring 2007, Vol 32, No 1 Abstract: The Federal Institutions Reform, Recovery and Enforcement Act introduced fundamental changes in the way federally regulated institutions must order appraisals, as well as how professionals perform them. Though the act has led to improvements in the integrity of the lending process, many lenders and investors find it confusing and… Read more

Negotiating Defeasance Provisions at Origination Can Materially Impact the Bottom Line

Spring 2007, Vol 32, No 1 Abstract: Often, defeasance is the only mechanism borrowers can use to release property from a securitized mortgage lien. The process allows borrowers to purchase a portfolio of securities to serve as a substitute for the property collateral identified at loan origination. But borrowers who pay attention to defeasance provisions and… Read more

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REVIEW: The Dynamics of Real Estate Capital Markets—A Practitioner’s Perspective

Spring 2007, Vol 32, No 1 Abstract: This recently released book comprises 36 articles and symposia summaries written and presented by Bowen H. “Buzz” McCoy, a longtime Counselor and thought leader in the real estate field. The compilation provides tremendous insight into the evolution of transaction structure, market dynamics and analytical trends through the past 35… Read more

Residential Property—Do You Own Enough?

Spring 2007, Vol 32, No 1 Abstract: Recent estimates place the collective value of privately owned houses in the United Kingdom at £3.8 trillion. In the past 12 months, that value has increased by more than £400 billion because of soaring prices. This phenomenon is making a distinct impact on building, buying and residency patterns… Read more

Who’s Running the Show? Implementing Centralized Management of Property Taxes for a Global Portfolio

Spring 2007, Vol 32, No 1 Abstract: Many property tax and asset managers who oversee a global real estate portfolio would be hard pressed to answer the seemingly simple question: “How much does our company pay in annual property taxes?” Adopting a centralized, bottom-down method for managing property taxes in a global portfolio can save companies… Read more

Shifting U.S. Demographics and Development Models: Immigration, Economy and the Workforce

Volume 32, Number 1 Published: Spring 2007 [caption id="attachment_11502" align="alignnone" width="300"] Photo: Evgenia Parajanian/Shutterstock.com[/caption] Panelists: Hugh Kelly, CRE David J. Lynn, Ph.D, MBA, CRE Francis Parker, CRE Moderator: Marc A. Louargand, Ph.D., CRE, FRICS Louargand: When I think about immigration, I think about the potential growth in the labor force in the United States given the current... Read More