From the monthly archives:

March 2009

Dead on Arrival: Geithner’s Plan Can’t Stop The Tidal Wave of Commercial Mortgage Maturities

March 31, 2009

2005 is coming, and nobody can stop it. Like a giant flock of boomerangs, the mortgages originated during the boom years of 2005-2007 are returning home, and the bankers are already struggling to keep up with all the arrivals. Approximately 80% of new 2008 loans were originated simply to refinance existing maturing mortgages, compared with […]

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Non-Traded REITs Under FINRA’s Microscope

March 27, 2009
REITs under scrutiny

Who is making all the money on non-traded REITs, the investors who put up all the dosh or the the brokers who sell them and the sponsors that manage them? FINRA wants to know, and they have issued a Targeted Examination Request to find out. Two years ago, Stanger & Company analyzed returns on $11 […]

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Northstar Going Non-Traded REIT Route

March 13, 2009

Just two weeks ago, I speculated about REIT capital shortages and the ability of non-traded REIT equity to fill the gap in the post Averting Massive Sector Wide REIT Defaults: Non-Traded Equity May Be Part of the Answer. Pacific Office Properties Trust (PCE) had just disclosed their intention to raise $350 million through this market, […]

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REIT Stocks: 4 Ways to Play the Carnage

March 4, 2009

If you’re looking for the best REIT stocks, you should review the definition of an oxymoron and maybe also have your sanity checked. Since REITs peaked in February 2007, the sector is down 75%, as measured by the benchmark MSCI U.S. REIT Index and 64% since last September alone. Equity REIT yields are the now […]

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Non-Traded REIT Directory

March 3, 2009
Thumbnail image for Non-Traded REIT Directory

Non-traded REITs are public companies, but their shares aren’t listed on any stock exchange. In reality, this makes non-traded REITs a very opaque and private market (not to mention illiquid). REIT Wrecks has decided to pull the curtain on this lack of transparency and compile a list of non-traded REITs and their vital statistics. If […]

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