How to plan for the commercial real estate collapse Encompassing apartment, office, retail, hospitality, warehouse, manufacturing, and flex or R & D buildings, commercial real estate (CRE) investment in the U.S. totaled $6.4 trillion at the end of 2008. As noted in the February 2010 Congressional Oversight Panel Report, $1.4 trillion of CRE debt is coming due by 2014 and half of the CRE projects securing such debt are underwater. Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery looks at how we got into this mess–impacts of the housing crisis, debt structures, lender-borrower collusion, and bankruptcy abuses–and offers possible solutions to the CRE crisis. Along the way, author Stephen Meister: • Discusses how CRE value losses are being driven by investors’ risk adjusted cap rates, not just poorer market fundamentals • Discusses strategies and emerging trends in CRE foreclosures, including forced lender fundings, lender attempts to chill bids and UCC foreclosure tactics and pitfalls • Proposes legislative solutions and explains how any rebound will require federal spending cuts, a vast deleveraging and a market clearing process With a crashing CRE debt market and the hundreds of CRE-heavy regional banks destined for failure, getting out ahead of the curve is essential. Commercial Real Estate Restructuring Revolution addresses how we got here and how you can plan for the impending crash. As of the writing of Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery , one in four homeowners is underwater, and one in seven is delinquent on their mortgage payment. But at least the worst is behind us. Or is it? At the end of 2008, although U.S. investment in commercial real estate (CRE)--office buildings, multifamily rental properties, retail stores and shopping centers, hotels, hospitals, warehouses, factories, and flex spaces--totaled $6.4 trillion, it is nearly all leveraged with mortgage debt, and by 2014, $1.4 trillion of CRE debt will come due. Even worse than homeowners, 50 percent of all CRE projects are underwater--trillions of dollars worth of CRE capital investment will be lost in this cycle. Written by attorney Stephen Meister, a nationally recognized name and highly respected voice in real estate, Commercial Real Estate Restructuring Revolution discusses the impending tsunami of CRE foreclosures, how it will coincide with Subprime 2.0, and what you need to do now to prepare. Meister details: The history of the commercial real estate capital markets - The cause of the impending CRE crisis, including the subprime mortgage meltdown, debt structures, lender-borrower collusion, and bankruptcy abuses - How consumer purchasing power drives the CRE markets - Why the multifamily CRE sector presents both risks and benefits not found in other CRE asset classes - Why rent control laws are misguided and damaging - Why the Obama administration's efforts to combat the housing crisis have not only failed but actually compounded the crisis - How banks, in an attempt to pay back their TARP loans so they can get out from under the govern- ment's thumb, are currently hiding losses in CRE - Real reforms that can be implemented today to prevent tomorrow's bubbles The correction process in the housing market is far from over. With debt maturities for the already beleaguered commercial real estate market fast approaching, the correction process in CRE markets is just beginning, although it's being concealed from the general public. Commercial Real Estate Restructuring Revolution shows how you can plan for, protect yourself, and profit from the impending CRE crisis. Commercial Real Estate Restructuring Revolution Strategies, Tranche Warfare, and Prospects for Recovery As of the writing of Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery , one in four homeowners is underwater, and one in seven is delinquent on their mortgage payment. But at least the worst is behind us. Or is it? At the end of 2008, although U.S. investment in commercial real estate (CRE) office buildings, multifamily rental properties, retail stores and shopping centers, hotels, hospitals, warehouses, factories, and flex spaces totaled $6.4 trillion, it is nearly all leveraged with mortgage debt, and by 2014, $1.4 trillion of CRE debt will come due. Even worse than homeowners, 50 percent of all CRE projects are underwater trillions of dollars worth of CRE capital investment will be lost in this cycle. Written by attorney Stephen Meister, a nationally recognized name and highly respected voice in real estate, Commercial Real Estate Restructuring Revolution discusses the impending tsunami of CRE foreclosures, how it will coincide with Subprime 2.0, and what you need to do now to prepare. Meister details: The history of the commercial real estate capital markets - The cause