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How to plan for the commercial real estate collapse
Encompassing apartment, office, retail, hospitality, warehouse,manufacturing, and flex or R & D buildings, commercial realestate (CRE) investment in the U.S. totaled $6.4 trillion at theend of 2008. As noted in the February 2010 Congressional OversightPanel Report, $1.4 trillion of CRE debt is coming due by 2014 andhalf of the CRE projects securing such debt are underwater.Commercial Real Estate Restructuring Revolution: Strategies,Tranche Warfare, and Prospects for Recovery looks at how we gotinto this mess-impacts of the housing crisis, debtstructures, lender-borrower collusion, and bankruptcyabuses-and offers possible solutions to the CRE crisis. Alongthe way, author Stephen Meister:
* Discusses how CRE value losses are beingdriven by investors' risk adjusted cap rates, not just poorermarket fundamentals
* Discusses strategies and emerging trendsin CRE foreclosures, including forced lender fundings, lenderattempts to chill bids and UCC foreclosure tactics andpitfalls
* Proposes legislative solutions andexplains how any rebound will require federal spending cuts, a vastdeleveraging and a market clearing process
With a crashing CRE debt market and the hundreds of CRE-heavyregional banks destined for failure, getting out ahead of the curveis essential. Commercial Real Estate RestructuringRevolution addresses how we got here and how you can plan forthe impending crash.