In 2003 I obtained several loans for rental properties that were not much money. I have since sold them. I wanted to buy another, but I don’t think it’s possible in this market getting loans. I’m not poor, but I don’t have a lot of money in the bank either. Is it possible to get a loan for an investment property in this market?
www.reit.com Kimco Realty Corp.’s (NYSE KIM) decision to go public in 1991 kicked off what is now considered the Modern REIT Era. Twenty years later, Kimco President and CEO David Henry says the company’s initial public offering (IPO) changed the face of commercial real estate investment. In a video interview with REIT.com at REITWorld 2011: NAREIT’s Annual Convention For All Things REIT in Dallas at the Hilton Anatole hotel, Henry reflected on the development of the REIT industry in the last two decades. Today, equity REITs have become a widely accepted way to invest in commercial real estate, according to Henry, whereas that might not have been the case prior to Kimco’s IPO. “Before Kimco became public in 1991, REITs were primarily mortgage REITs with somewhat of a jaded history,” Henry said. “It was really the beginning of a 20-year trend of the growth and the acceptance of equity REITs.” The attending benefits of the REIT approach to commercial real estate investment have been significant, Henry said. They include liquidity, transparency and a consistent dividend. Henry also noted that REITs’ restrained use of leverage offers investors stability. “We like to emphasize the balance sheets of REITs are quite strong,” he said. “We’re talking about leverage levels less than 50 percent, so it’s a safe, strong, reliable means to invest in real estate.” Henry said the man who took Kimco public, chairman Milton Cooper, instilled a culture of “being a good partner” within the …
On Wednesday, July 27, 2011 — CoStar founder and CEO Andrew Florance introduced CoStarGo™ to over one hundred commercial real estate brokers in New York City. The event, held at the the CoStar New York City office was asuccess, as CoStar demonstrated for brokers how to use the iPad app to access the most comprehensive commercial real estate information source available. www.CoStarGo.com Senior professionals from the following firms commented on the app in this video, including: Jones Lang La Salle, Promenade Real Estate Corp., Time Equities Inc., Colliers International, Retail Service Group – Lansco, Sierra Realty, Savitt Partners LLC, NAI Global NYC and Besen and Associates. CoStarGo™ brings together features and content from our Property, Comps and Tenant databases in a single, seamless, location-aware mobile interface. It is easy to use and will change the way our clients interact with our products. CoStarGo™ makes the commercial real estate professional totally mobile, more efficient and armed with the power of CoStar wherever they are. Clients tell us it will make them more productive and impress their clients.
I am looking at purchasing some land or villas in Croatia. They do not need to be directly on the water but since most of the land slopes down and you have a view of the Mediteranean as far away as 5 miles what towns do you think would have a good return on my investment over the next 5 to 10 years?
www.biggerpockets.com – In this interview with Joel Owens, a commercial real estate investor and CRE broker, we learn about triple net leases, commercial hard money loans, commercial land development, owner financing, multi-family and retail investments, and much more. For more on Joel, see www.biggerpockets.com
Nov. 9 (Bloomberg) — Raphael De Niro, managing director at Prudential Douglas Elliman, Sharif El-Gamal, chief executive officer of Soho Properties, and Donald J. Trump, Jr., executive vice president of the Trump Organization, talk about the New York real estate market. Bloomberg’s Rob Urban moderates the panel at the Bloomberg Link Commercial Real Estate Conference meets in New York.
www.reit.com Tight conditions in the commercial real estate market are frustrating deal-seeking investors, according to Collette English Dixon, vice president of transactions for Prudential Real Estate Investors. Speaking with REIT.com during The Real Estate Roundtable’s fall meeting in Washington, DC, Dixon said investors, particularly those focused on core properties, are showing concern over the levels of returns being demanded for top-tier properties. Dixon also said underwriting rent growth is of concern to investors as well. “With the slowdown in the economy, everyone’s concerned about what that means for job growth and demand, especially in the office sector and then additionally in the multifamily housing sector,” she said. Dixon noted that opportunities may exist in secondary markets. However, major investors have yet to go that route en masse, she said. “I know all of the institutional investors are resisting that pretty aggressively right now,” Dixon said. Dixon also discussed some of the current bright spots in the REIT industry. Despite some objections to current price levels, she noted that the multifamily sector remains a compelling play for investors. “There’s still an expectation that demand is going to exceed supply, so that is truly something that most institutional investors are pursuing pretty aggressively, the development opportunities in markets that seem to be very undersupplied and demand-rich,” Dixon said. The grocery-anchored retail sector core …
A commercial REIT is a realestate investment trust that manages high end commecial rental properties.
www.benjaminbach.com CTV News talks to Benjamin Bach about the Commercial Real Estate market in Kitchener Waterloo, and how Research In Motion may affect the office leasing and development market in Waterloo Region. Comments from Benjamin Bach of Keller Williams Realty – Commercial division – and Karl Innanen of Colliers International
www.reit.com Sovereign wealth funds are currently exploring the commercial real estate markets in the United States for investment opportunities that offer value and stability, according to Bob Lieber, executive managing director for Island Capital Group LLC. Speaking with REIT.com during The Real Estate Roundtable’s fall meeting, Lieber said sovereign wealth funds from abroad are interested in investing on both the debt and asset sides. “We see some of the sovereign wealth fund players coming in on the debt side, wanting to be a little more senior in the capital stack,” he said. “But they’re also looking in the major markets for the major assets and the stability of those returns and trying to buy at a particularly attractive price.” Lieber noted that some international investors are trying to avoid triggering tax liabilities under the Foreign Investment in Real Property Tax Act (FIRPTA). In general, Lieber said sectors with “higher resiliency” are most attractive in the current market environment. He singled out the apartment sector, in particular. “When you look at the multifamily space, the needy renters, the b-quality multifamilies—I think we see pretty high resiliency for demand around those types of assets and a relative degree of interest in trying to buy those assets, because you do have that projected stability and the underpinnings that are going to be generated from the cash flows on those assets,” Lieber said. In terms of specific regions within the US …