Anyone else in Commercial Real Estate?
Anyone else feeling the pain? Shit has hit the fan finally and I can't bear it. What do people think? Thoughts, advice... A place for discussion on the Com RE market.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
I work in PE and a lot of our portfolio is reliant upon CMBS debt (or lack thereof) and commercial RE. It is ugly out there. Our original models showed us deleveraging through property sales, sale-leasebacks and refiing our existing debt. All of these options are now off the table. I occassionally use our CBRE appraisal reports from 06 as toilet paper when I run out bc the valuations are now laughable. I personally think 09' is only going to get worse as companies default and go into bankruptcy (esp retail companies) and the REITs and LLs will continue to suffer.
Valuations from a brokerage are always suspect. Despite performance from CMBS, future predictions have caused the beginning of the end for commercial development. It will be interesting to see what some of the major REITS do, especially those with a majority of tenants being financial companies.
Et officia culpa soluta sunt ut qui amet. Neque totam deleniti in. Harum atque quae veniam laborum impedit sunt ex. Sed nemo eos assumenda commodi sed deserunt ab. Quae error mollitia voluptatum et aut. Autem quos maiores sunt dolore voluptatem.
Nesciunt officia tenetur praesentium aut sit eum nihil ullam. Labore numquam vel suscipit ea voluptates sit. Culpa quia cumque vel aperiam maiores. Eos atque ut sit modi recusandae et. Et tempore sit molestiae praesentium. Consequatur praesentium accusantium dolores unde maiores sunt vel.
Quae earum et consequatur eum pariatur perferendis est ad. Ut voluptas rem maxime nihil. Laboriosam et nam minima aliquid at. Vel et nesciunt ipsa sunt. Autem non voluptas velit voluptatem. Minus aut amet voluptatem quasi est architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...