Development Magazine Spring 2012

Finance

Finance

Mixed Forecast for Refinancing Loans Maturing This Year 

According to research firm Trepp, some $360 billion in commercial real estate loans are maturing this year and more than 60 percent are underwater. Of that total, $53.4 billion in CMBS loans are coming due this year, $15.5 billion of which were vintage 2007 loans, 27 percent of which are in special servicing and 18.5 percent are 30 days or more delinquent.

From the Archives: Finance Articles from the Previous Issue

Finance

Of REITs: Public and Non-traded 

This has been a bumpy year for publicly-traded REITs, as Philip Hawkins, president and CEO of DCT Industrial Trust, told Development ‘11 attendees at a CEO Insight session. Despite the uncertain environment, DCT has been an active buyer, moving carefully up the risk spectrum as well as selling assets that are less strategic for the company.