“They may have been too enthusiastic on marginal loans,” said Ben Thypin, an analyst at Real Capital Analytics in New York. “Instead of finding excuses not to give a loan, it seems they found excuses to give a loan. They were viewed as money willing to take returns from riskier projects.”
Read More: http://www.irishtimes.com/newspaper/finance/2010/1119/1224283709609.html
“There’s an internal debate within Ireland on whether to sell everything now or manage it over the next couple of years to maximize value,” said Ben Thypin, an analyst at Real Capital.
“The continued assumption of liabilities from failed banks in Ireland is making creditors, namely the European Central Bank, nervous,” Thypin said.
Read More: http://www.bloomberg.com/news/2010-11-17/anglo-irish-bank-to-auction-232-manhattan-apartments-in-foreclosure-sale.html
While the number of distressed hotels continue to grow, the number is trending down, said Ben Carlos Thypin, a senior market analyst for Real Capital Analytics.
In the first three quarters of 2010, 514 hotels were newly listed as being distressed, compared with 1,156 for the first three quarters of 2009, which included the bump from the Extended Stay Hotels bankruptcy.
Thypin said that could be positive sign for the industry, which is seeing some relaxation in credit and more investors seeking to buy hotels are bargain basement prices.
Read More: http://www.hotelinteractive.com/article.aspx?articleid=18782
"For high-quality assets, the market hasn't fallen that much from the peak," said Ben Carlos Thypin, senior market analyst for the New York-based research firm.
Read More: http://www.chron.com/disp/story.mpl/business/7290701.html
Sellers motivated by a change in tax rates must weigh whether possible taxes saved by striking a deal now will outweigh any price appreciation they can capture in the future, said Ben Thypin, an analyst at Real Capital.
A hypothetical property sold for $20 million now with a capital gain of $3 million would generate taxes of $450,000 at the current 15 percent rate, Thypin said. If the rate increases to 20 percent, the tax on the same transaction in 2011 would be $600,000. The difference would be less than 1 percent of the sales price.
“If you have a relatively small basis, your price does not have to increase that much in order to compensate” for the extra tax paid, Thypin said
Read More: http://www.bloomberg.com/news/2010-11-09/property-sales-get-cash-for-clunkers-boost-in-bush-tax-cut-uncertainty.html
“Life insurance companies have been more active on the portfolio side with the higher-quality assets,” says Ben Thypin, senior market analyst for Real Capital Analytics. “And regional banks are being more active as well with the lower quality assets.”
Read More: http://multifamilyexecutive.com/debt/private-sector-heats-up-in-battle-with-gses.aspx
“I think [the rise of portfolio sales] is primarily related to the lack of inventory of quality property out there available for purchase,” says Ben Thypin, senior market analyst at RCA. “Sellers/owners of the portfolios are seeing the properties that do sell trade at very competitive pricing and they also know how shallow the inventory is, so they probably think they can get a good price for their assets in a market that is hungry for quality assets.
Thypin could see more product coming out, though. “I think it is safe to say that sellers will continue to offer portfolios like this for the foreseeable future as long as pricing for quality assets is competitive,” he says.
Read More: http://multifamilyexecutive.com/dispositions-and-transactions/larger-portfolios-begin-to-hit-the-marketplace.aspx
Ben Carlos Thypin
I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.