MSCI PREA U.S. Quarterly Property Fund Index

MSCI Inc

The Index tracks the performance of open-end real estate funds on a quarterly basis, including core and value-add strategies as well as diversified and specialized funds. The MSCI PREA U.S. Property Fund Index is owned, compiled and calculated by MSCI and published in association with PREA.
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Spotlight

This white paper is the second in a series designed to explore critical changes taking place within U.S. Healthcare and some of what this will mean to the changing real estate landscape.

OTHER ON-DEMAND WEBINARS

The Fundamentals of Commercial Real Estate Bankruptcy

Understand the key steps in the bankruptcy process and how they affect the various parties related to commercial real estate. Bankruptcy cases involving commercial real estate present a multitude of problems. Depending on the party and its relation to the real estate, significant differences in concerns, legal issues and strategies come into play. Knowing the bankruptcy process, certain key provisions of the Bankruptcy Code applicable to commercial real estate, and what to expect in a bankruptcy case involving such real estate are vital in evaluating the best path. Owners of commercial real estate, tenants of commercial real estate, and mortgagees on such properties must each understand their respective positions, claims, and rights in a bankruptcy case. Knowledge of these issues in advance of a bankruptcy filing can greatly enhance preparation and expectations for counsel and their clients if and when a bankruptcy is filed.
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The Contractor’s Perspective on the Construction Industry - Insights from the CCI

Dodge Data & Analytics

This webinar looks at what the Q2 2018 CCI report reveals about contractors’ overall confidence in the market and their biggest concerns and challenges. In addition to looking at their responses about revenues, backlog of work and workforce shortages, the webinar explores their expectations about the impact of the new steel and aluminum tariffs on their businesses and their level of engagement with green building.
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Mezzanine Foreclosure in Real Estate Finance: UCC Article 9, Mortgage and Intercreditor Constraints, Threshold Issues

Mezzanine loans have become the preferred vehicle for subordinate financing in real estate transactions. The repayment obligation is typically secured by a perfected UCC security interest in the mortgage borrower's equity interests. Counsel should have a thorough understanding of how the foreclosure remedy is exercised under Article 9 and the mezzanine foreclosure ramifications for the mortgage borrower, mortgage lender, and other parties to the transaction. Before commencing foreclosure, the mezzanine lender must review all relevant transaction documents, including UCC insurance policies. If the debtor "opted into" Article 8, the lender must locate the certificate. Counsel must understand the mortgage lender's rights and the rights of any senior mezzanine lenders, ground lessors, or other parties with interest in the underlying property. An intercreditor agreement will likely provide the most significant input into the timing and nature of remedies vis a vis other lenders. Article 9 provides that a public sale must be conducted in a "commercially reasonable" manner, with advance notice to all relevant parties under Sections 9-611 and 9-612. The public must have a "meaningful opportunity" for competitive bidding, requiring some form of advertisement or public notice preceding the sale. The location and manner of the sale should be appropriate to allow for public access to the disposition. Recent New York case law indicates that "commercially reasonable" may entail more stringent standards in light of foreclosure moratoriums and the continuing impacts of the pandemic on real estate properties. The mortgage may limit the transfer of ownership interests in the mortgage borrower to a "qualified transferee," generally defined as either the mezzanine lender itself or an institutional investor meeting specific requirements. This significantly restricts the potential universe of purchasers at a foreclosure sale, and the process of "qualifying" the winning bidder may inject uncertainty surrounding the ability of a buyer to close.
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A Better View for Real Estate Holdings and Legal Entities

Berkman Solutions

Watch this previously recorded webinar for real estate and legal professionals. Real Estate Holdings and Legal Entities show how to design an entity management practice for real estate investment.
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