Carlton Advisory Services and W.P. Carey & Co., both of New York, are taking decidedly different approaches when it comes to foreign investors.Carlton, a national real estate and loan sale investment bank, attended MIPIM, the International Property Market, in Cannes, France, the week of March 7 looking for equity funding to support several U.S. transactions. Carey, on the other hand, was there looking for properties to buy and then lease back to their sellers. Carlton, which has completed more than $21 billion in deals over the years, wants money to support residential apartment conversions in Manhattan, the development of a new hotel/condominium on Manhattan's West Side, new condos all over the Big Apple, and the purchase of the Met Life Building, which is exactly the type of trophy property foreigners tend to like. Carey, one of the leading providers of net-lease funding in the world, was hoping to capitalize on what its executives said is "increased interest" among companies that realize "the importance of capital efficiency and the true value of their real estate assets." With sale-leasebacks, companies "in effect outsource their real estate to us in return for capital, freeing them to do what they do best, which is running their businesses," said Edward LaPuma, Carey's chief acquisition officer.
-
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
5h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
6h ago -
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23 -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23