Real Estate Quarterly Dialogue (1Q12)
Thursday, June 21, 2012
Edward Casas and Darin Buchalter discuss our conservative outlook on the rate of recovery for commercial real estate markets. In our newest edition of the Real Estate Quarterly Dialogue, we discuss “The Changing Landscape of CMBS: Moving to CMBS 2.0.” The commercial mortgage-backed securities (“CMBS”) industry has undergone a transformation in recent years that prompted industry participants to coin the phrase “CMBS 2.0” in an attempt to distinguish between CMBS loans originated prior to the sudden, dramatic cessation of CMBS lending activities at the end of 2007 (“CMBS 1.0”) and those loans originated after lending resumed at markedly different volumes and terms in 2010 (“CMBS 2.0”).
Our quarterly report discusses our cautious view on the rate of recovery of the commercial real estate markets in "Tempering Local Optimism."
In our newest edition of the Real Estate Quarterly Dialogue, we discuss why the commercial real estate market will continue to be impacted by the uncertainty that causes both volatility in the capital markets and depressed fundamentals.
Darin L. Buchalter
Mr. Buchalter is a Managing Director and Head of the Real Estate practice. He provides expertise in financial, operational, organizational, and risk management matters to public and private REITs, private equity firms and hedge funds, real estate investment advisors, asset managers, financial services firms, and their counsel.
Edward R. Casas, MD
Ed is Senior Managing Director and Head of Navigant Capital Advisors. He specializes in financial and operating restructurings, investment banking, valuation, corporate finance, mergers, acquisitions and divestitures and strategic plan development on behalf of creditors, debtors, equity sponsors, third party purchasers and sellers. He is located in the Chicago area.