Posts tagged NAI Global Executives
Over the past 60 days, NAI Global’s alliance partner for outcry auctions, Higgenbotham Auctioneers, has sold more than 90 properties at auction in Florida, Georgia, Louisiana, Texas, Delaware and throughout a number of Midwest states. In addition, they have scores of upcoming auctions scheduled before year end in Florida, Michigan, New Jersey, Illinois, Texas, South Carolina, and Georgia. More >
It is hard to say which single document is the most essential to review when purchasing an income property. However, as the prime source of property revenue, the rent roll is clearly one of the most critical. More >
As we all know times have been tough and brokerage companies around the world have made cuts in staff, salaries and closed offices as circumstances have dictated. As far as investment transactions were concerned, the brokers interviewed by Property EU stated that €52 billion of investment transactions was generated – a 38% decline from the previous year. The previous year saw a decline of 60%. CBRE noted a decline of 5% year on year with Catella and Colliers – 82% and 78% respectively. More >
In spite of a sluggish national economy and skittish capital markets, the outlook is extremely bright for the senior housing industry. While other asset sectors continue to suffer from a lack of liquidity, recent data suggest that high demand and a return of capital to the senior housing market will make for a rich deal making environment in the months ahead. More >
The midterm elections may have a big impact on the real estate recovery. At the American Bankers Association meeting in Boston a member on the right leaning CATO institute stated that if the Republicans take Congress in November the Republicans will pass a resolution in short order to force both Freddie and Fanny into receivership. The potential for significant change in the residential and multifamily financing structure of the United States is very possible. For over 30 years these quasi governmental organizations have been a core feature of the American financing landscape for single family and multifamily homes in the U S.
The current situation of poor balance sheets for both organizations has resulted in the loss of Republican confidence in both organization and if either are forced into receivership the only sure bet will be disruption to the marketplace.
Rhyne Brown is Executive Vice President of Client Development and leads NAI Global’s Special Asset Solutions group, a professional real estate practice that is focused on meeting the needs of banks and special servicers active in managing distressed assets and REO. www.naiglobal.com/sas