Tuesday, October 27, 2009
Investors Looking for Real Estate Gems
Posted by: Christina Dove
Investors are slowly regaining their appetite for risk and looking for gems, or even valuable scrap, among the wreckage of the commercial real estate market.
Gramercy’s prospects don’t look that great. It has $2.7 billion in debt investments that include some aggressive commercial real estate loans made during the bubble. For instance, $473 million in mezzanine loans are junior-ranked securities that face especially high risk.
Click here to read more...