COMAC - Commercial Off Market Assets & Capital

COMAC brings Investors and Lenders together. As "first movers," we match your needs with select High Value, yet distressed assets that are becoming available at historically low values and sustainable yields.

http://www.offmarketassets.com/

Category:

News & Politics

Tags:

• commercial real estate
• commercial real estate crisis
• bank failures
• bank crisis
• off market assets
• distressed assets
• real estate
• real estate crisis

[COMACNEWS]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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.