Astute investors see opportunities when others may not. The economic woes, job losses, capital market crisis and falling real estate values have created a commercial real estate buying opportunity not seen in nearly a century. Distressed properties can be acquired at discount prices, and the window of opportunity is open.
My mid 2010, less than a third of all distressed properties in the U.S. had been resolved, according to researcher Real Capital Analytics (RCA). Only 29% of the total $236 billion in distressed commercial real estate assets (including multifamily) had been worked out through restructuring, extension of loan or sale of the property.
This means a large number of properties remain in distressed status with the lenders or lending institutions. New properties are expected to be added to the distressed status as well. Vacancy levels are at record highs, rent declines and concessions have taken their effect. New lending rules mean that some owners won’t find the additional equity necessary for a refinance.
milder, there has been more progress with workouts. Yet sales of distressed assets in these cities may be overshadowed by healthier properties. In some markets, new troubled assets are piling on top of the old problems. RCA says that some of the hardest hit markets, like Florida, are showing progress in that one-half to one-third of distressed properties are being sold or reworked.
The big picture was highlighted by the Congressional Oversight Panel, who projected in February 2010 that about $1.4 trillion in commercial real estate loans will need refinancing between 2010 and 2014, and more than half of these properties are underwater.
In a recent survey conducted by Marcus & Millichap Real Estate Investment Services and National Real Estate Investor magazine, more than 70% of respondents believe now is the time to buy commercial property. Apartments topped the list, followed by retail, land, hotel and then office and industrial. The survey showed that apartment buyers are bullish on rents, expecting increases.
The same survey also revealed an upswing to investor sentiment and confidence. Confidence reached a high in 2005 (indexed at 150) and bottomed out in 2008-2009 (indexed at 91). The upswing is clear in 2010, as each quarter has shown encouraging growth. The first quarter 2010 index was 113 and the third quarter index increased to 119. (A baseline of 100 indicates neutral sentiment.)
Investors may realize the window of opportunity is open for property acquisitions and many have built a war chest of funds. But how do they find the best distressed value properties? And how do they avoid bidding for the same properties openly available to everyone?
COMAC (Commercial Off Market Assets & Capital) is the number one provider of off market commercial real estate / marketing services to commercial real estate lenders and investors in the US. Respected professionals at COMAC are “first movers” in the market, delivering historic opportunities to private investors.
Through long-term and excellent banking relations, COMAC successfully delivers quality off-market property. The COMAC Marketplace online bank inventory has surpassed $850 Million, and it employs a large number of bank direct professionals.
Astute investors see opportunities when others may not. The economic woes, job losses, capital market crisis and falling real estate values have created a commercial real estate buying opportunity not seen in nearly a century. Distressed properties can be acquired at discount prices, and the window of opportunity is open.
COMACNEWS 1 year ago
My mid 2010, less than a third of all distressed properties in the U.S. had been resolved, according to researcher Real Capital Analytics (RCA). Only 29% of the total $236 billion in distressed commercial real estate assets (including multifamily) had been worked out through restructuring, extension of loan or sale of the property.
COMACNEWS 1 year ago
This means a large number of properties remain in distressed status with the lenders or lending institutions. New properties are expected to be added to the distressed status as well. Vacancy levels are at record highs, rent declines and concessions have taken their effect. New lending rules mean that some owners won’t find the additional equity necessary for a refinance.
COMACNEWS 1 year ago
According to RCA, various areas of the country are recovering or are hit harder, depending on many factors. In cities where the recession has been
COMACNEWS 1 year ago
milder, there has been more progress with workouts. Yet sales of distressed assets in these cities may be overshadowed by healthier properties. In some markets, new troubled assets are piling on top of the old problems. RCA says that some of the hardest hit markets, like Florida, are showing progress in that one-half to one-third of distressed properties are being sold or reworked.
COMACNEWS 1 year ago
The big picture was highlighted by the Congressional Oversight Panel, who projected in February 2010 that about $1.4 trillion in commercial real estate loans will need refinancing between 2010 and 2014, and more than half of these properties are underwater.
COMACNEWS 1 year ago
REVEALING SURVEY
In a recent survey conducted by Marcus & Millichap Real Estate Investment Services and National Real Estate Investor magazine, more than 70% of respondents believe now is the time to buy commercial property. Apartments topped the list, followed by retail, land, hotel and then office and industrial. The survey showed that apartment buyers are bullish on rents, expecting increases.
COMACNEWS 1 year ago
The same survey also revealed an upswing to investor sentiment and confidence. Confidence reached a high in 2005 (indexed at 150) and bottomed out in 2008-2009 (indexed at 91). The upswing is clear in 2010, as each quarter has shown encouraging growth. The first quarter 2010 index was 113 and the third quarter index increased to 119. (A baseline of 100 indicates neutral sentiment.)
COMACNEWS 1 year ago
FINDING OFF MARKET PROPERTIES
Investors may realize the window of opportunity is open for property acquisitions and many have built a war chest of funds. But how do they find the best distressed value properties? And how do they avoid bidding for the same properties openly available to everyone?
COMACNEWS 1 year ago
COMAC (Commercial Off Market Assets & Capital) is the number one provider of off market commercial real estate / marketing services to commercial real estate lenders and investors in the US. Respected professionals at COMAC are “first movers” in the market, delivering historic opportunities to private investors.
COMACNEWS 1 year ago
Through long-term and excellent banking relations, COMAC successfully delivers quality off-market property. The COMAC Marketplace online bank inventory has surpassed $850 Million, and it employs a large number of bank direct professionals.
COMACNEWS 1 year ago
Great info. Very well done video. I am Interested in working with you.
warph9 1 year ago
Excellent Video! I'm going to check out your website.
Duntknocker 1 year ago
where are you located? or do you work across the US with other partners?
Cloltgunk 1 year ago
How many years have you been in this business? Very well done video!
Hoogotsthejessica 1 year ago
Interesting. Im going to look more into what you do.
PlanetKorg 1 year ago
Awesome Promo video. Im going to check out your channel.
Frogkiss123 1 year ago
Great video I especially like the music!!
Thungwanker 1 year ago