Subject: Research (RES)
Life Companies Own 30% of Outstanding REIT Bonds
The ACLI has found that life insurers hold $16.5 billion of REIT unsecured debt. That amounts to 30 percent of outstanding issuance. Life companies own nearly 35 percent of triple-B bonds, making them the dominant owners.
Life Company Mortgage Holdings Maintain Low Delinquency Rates
Despite the general economic slowdown, life companies continue to report record low mortgage delinquency rates. That's due to more active management and solid underwriting as well as increased foreclosures, which take loans out of the delinquent category.
Property Sales in LA Area Slow, Prices Rise
Sales volumes in the Los Angeles Basin have fallen by 40 percent when compared to the pace maintained over the prior two years. But the properties that are selling are going for higher prices than before, reflecting a flight to ...
Survey: Real Estate Investments to Decline in Major Metro Areas
October 31, 2001 NEW YORK – Real estate investment prospects for all major metropolitan areas will decline next year, and even though the so-called 24-hour markets have peaked, New York, Washington D.C., Boston, southern California and San Francisco will provide ...
Seattle Apartment Sector Starts Feeling the Pinch
The apartment sector in the Seattle area, which has long performed strongly, is starting to show signs of weakness. Soft demand could affect rents, and rising expenses can even cause values to decline.
Manhattan Office Market Continues to Weaken
Despite the loss of so much office space, fundamentals in the New York market have continued to soften. The Fed has found weaker rents, a fact that was confirmed by Insignia/ESG, which found an increase in vacancies in Manhattan's three ...
CSFB Most Active Contributor to CMBS Deals for First Nine Months
The investment bank maintained its market-leading position as the most active securitization program, contributing $4.1 billion of loans to CMBS deals for the nine months ended Sept. 30. Goldman Sachs and Deutsche Bank were close behind.
RealtyLogix Launches Realty RiskPro
October 24, 2001 ATLANTA – RealtyLogix has launched Realty RiskPro, a software that allows banks and financial institutions to assess and monitor their commercial real estate loan portfolios.Realty RiskPro analyzes performance, cash flow and value as well as measures risk ...
Study: US Apartment Inventory Valued at $1.3Tln
October 22, 2001 WASHINGTON – The country's stock of apartment properties with more than five units is valued at about $1.3 trillion, according to an analysis by the National Multi Housing Council.The organization, whose analysis was funded with a grant ...
San Mateo, Calif., Office Market Surpasses 20% Vacancy Rate
San Mateo's vacancies have risen to 23.3 percent from a tight 2.7 percent just a year ago, but relief may be in sight.
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