MSCI’s Jim Costello and Alexis Maltin warn that while a failure on the scale of the Great Financial Crisis is unlikely, there are signs that trouble may be brewing for real estate investors with upcoming maturities.
Capital Square's Louis Rogers comes on the podcast to talk about 1031 exchanges, DSTs, Qualified Opportunity Zones and other tax-advantaged real estate options.
A plan unveiled last week by China Evergrande Group has raised concerns that investors may have to wait for years to get their money back. Under one of the options, the biggest Chinese builder to default offered to swap old notes with new ones with maturities of as long as 12 years.
Maybe Musk is withholding payment as a move in what is known among scholars as the “holdup game”—an opportunistic effort to force better terms from a counterparty who’s poorly positioned to resist your demands. Think of a seller about to deliver a generator, who waits until after the buyer has finished renovating the factory according to the seller’s specs before demanding a higher price. If that’s the move, it’s a risky one.
The FDIC has hired Newmark Group to sell about $60 billion of Signature Bank loans, reports The Wall Street Journal. Amazon is considering acquiring the AMC theater chain, according to The Intersect. These are among today’s must reads from around the commercial real estate industry.