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APARTMENT FINANCE TODAY
Shabnam Mogharabi
Shabnam Mogharabi, Editor
smogharabi@hanleywood.com

It’s never too early to think ahead. In today’s economy, though, that’s easier said than done. What with the continuously changing marketplace, the daily struggle to value assets, and the general reluctance of investors to get some skin in the game, many industry players are pressing pause on their long-term plans and waiting to see what happens. That would be a mistake. After all, the here and now is what it is. And the likelihood of being able to change it is slim. You simply have to adjust to the new realities, dust yourself off, and move forward.

This month, we’re looking ahead to 2010, and conducting a survey of financial officers at various apartment firms in the industry. Our goal: to gauge where they stand on the economy, where they plan to invest and budget dollars in 2010, and the cost-cutting and revenue-generating strategies they are employing going forward. Interested in taking the survey? Drop me a note. Otherwise, stay tuned for our September/October issue, where the results will be reported. It’s sure to help us all think that much more in advance.

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WEB EXCLUSIVES
Go West: CWCapital Buys Sierra Capital Partners
CWCapital has acquired multifamily lender Sierra Capital Partners in a push to expand on the West Coast. The Irvine, Calif.-based Sierra Capital Partners originated about $300 million annually in Freddie Mac debt, with a servicing portfolio of about $825 million. Terms of the deal were not disclosed.
FULL ARTICLE

Conduit Lenders Quietly Reopen with Eye on TALF
Formerly active conduit lenders are quietly reopening their platforms in anticipation of the government’s TALF program for CMBS.
FULL ARTICLE

Multifamily Delinquencies Lead the CMBS Funeral March
Large, aggressively underwritten loans are increasingly going south, and declining fundamentals for the multifamily industry mean that CMBS delinquencies are accelerating as the year goes on.
FULL ARTICLE

Extend and Pretend: Lenders Hope for the Best
Dallas-based Trammell Crow is one of the largest multifamily developers in the country. Yet it is facing a major dilemma when it completes a project in this economy.
FULL ARTICLE

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TALF Investors Ready CMBS Funds
While the government’s efforts to revive the commercial mortgage-backed securities industry are still in the early stages, many investment firms are now readying TALF funds to strike when the iron grows hot.
FULL ARTICLE

Apartment Sales Hit All-Time Low in May
Just when it looked as if transactions were picking up, along came May. Apartment transactions fell 46 percent to $481 million from April to May, making it the slowest month ever tracked by New York-based research firm Real Capital Analytics.
FULL ARTICLE

Lessons from the Past: RTC Offers Gameplan
When real estate executives talk about the potential deluge of apartment properties that could end up falling into financial distress, they often refer to the days of the Resolution Trust Corp. But is that an accurate comparison?
FULL ARTICLE

Foreign Investors Ready Funds for Second Half
oreign real estate investors are growing increasingly optimistic that the U.S. commercial real estate market will rebound in the second half of 2010.
FULL ARTICLE

APARTMENT FINANCE TODAY

HOUSING FINANCE BLOG

Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of APARTMENT FINANCE TODAY here.

Events/Announcements

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Hanley Wood's HousingCrisis.com is a unique source about the real estate and construction economies with news, data, and conversation about your smartest options. We’ll highlight exclusive articles, related stories, and linked resources from across our publishing network -- in real-time -- so that you’ll have information you need, a step ahead of the moment you need it. Go to HousingCrisis.com

Check our online calendar for upcoming events.

Contact

To reach APARTMENT FINANCE TODAY Editor Shabnam Mogharabi, please e-mail smogharabi@hanleywood.com

To reach APARTMENT FINANCE TODAY online Web Producer Spencer Markey,
e-mail smarkey@hanleywood.com

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