Reggie Middleton

Commercial Real Estate - Make Up Your Own Mind

nice explanatory article. This problem was not difficult to see coming at all. I warned as early and September 2007, and put out loads of research warning that the big CRE REITs would be toast unless they shed assets quickly at distressed prices. What happened? Bankruptcy.

And just as you illuminated, loan extensions simply kick the can down the road. The equity is gone, the modeled cash flows will are not materializing, and the securitization market is close to dead.

As for anybody who feels that this could not have been seen, see below and notice the dates and the content of each URL...

boombustblog.com/compo.../

boombustblog.com/compo.../

boombustblog.com/conte.../

boombustblog.com/index...

www.bloomberg.com/apps...

boombustblog.com/20090...