Wednesday, July 27, 2005

Friday, May 27, 2005

09/22/97 THE NEW WORLD OF REAL ESTATE: "INCREDIBLE BARGAINS.

That was the catalyst that revolutionized the industry's financing. Seeing an opportunity, real estate financiers paired with Wall Street firms to form ''vulture funds'' that bought up distressed properties. Led by Goldman, Sachs & Co., they picked up bargains at what now seem incredibly low prices. For his efforts, Zell, partnering with Merrill Lynch & Co., earned the moniker ''the grave dancer.'' Crushed by debt, cash-strapped developers had no choice but to turn to the public equity market. In late 1991, Merrill Lynch launched a new era for REITs by raising $130 million in an initial public offering for mall developer Kimco Realty Corp.--the first integrated operating company to come public as a REIT. Soon after, Taubman Centers pioneered a new twist on the REIT format called an ''umbrella partnership,'' or UPREIT, which let entrepreneurs exchange buildings for stakes in a parent company that was then sold to the public. That opened the floodgates, allowing private developers to obtain liquidity without having to pay capital-gains taxes. By 1993, REIT offerings hit a record high, with 50 REITs going public, raising a total of $9.3 billion. Also stepping into the capital vacuum were innovators such as Nomura Securities Co.'s Ethan Penner, who almost single-handedly jump-started the commercial mortgage-backed securities market."

Wednesday, March 30, 2005

09/22/97 THE NEW WORLD OF REAL ESTATE

09/22/97 THE NEW WORLD OF REAL ESTATE Historical DEvelopment of the REIT A MAMMOTH WAVE. But if an audacious new breed of real estate tycoons has its way, this time it will be different. 0ver the past few years, the world of commercial real estate has dramatically transformed itself in a way that could temper those cycles. The reason: what Sam Zell, the biggest owner of office buildings, apartments, and manufactured housing in the country, calls ''a massive revolution in how the real estate industry is viewed, financed, and valued, and in its long-term role in the U.S. economy.'' That revolution will not abolish real estate cycles. But Zell and other real estate experts argue that it will lead to more stability. That should mean a healthier industry more hospitable to investors. By far the most crucial changes in the business involve the financing and management of real estate. Until the early 1990s, most real estate was owned by private, family-owned companies that relied entirely on borrowed money and generated returns by flipping properties. The 1990s bust, though, caused private financing to evaporate. The mortgage-backed security market emerged to provide debt financing. And as industrial corporations had done decades earlier, real estate firms started tapping the public market, via initial public offerings, for equity capital. The vehicle was the real estate investment trust, or REIT, which was created by Congress in 1960 but that had never attracted much interest. Now REITs are proliferating rapidly. ''We are watching what could be the biggest asset class in the country--bigger than the Treasury or bond market--begin to go public,'' says Andrew Davis, manager of the top-performing Davis Real Estate Fund. ''Ultimately, REITs are the way real estate should be owned.'' REITs are companies that own, manage, and develop pools of properties, from apartments and office buildings to self-storage facilities and now, even prisons. In exchange for following rigid guidelines, such as paying out at least 95% of taxable income in dividends and earning that income primarily from leasing buildings, REITs are exempt from corporate taxation. Now, a mammoth consolidation wave is creating dozens of huge, far-flung REITs with billions of dollars in portfolios that stretch from coast to coast. The market capitalization of the REIT industry has soared from $8 billion in 1990 to $120 billion today. The total capital of REITs and the handful of real estate operating companies that exist is $200 billion. The commercial mortgage-backed securities market has grown to $144 billion. In the ways that they function, these new mega-REITs are light-years away from the old family-owned empires. REIT execs argue that their companies should weather industry cycles much more handily than the old firms. They offer these advantages: -- permanent public financing -- modest leverage, with debt levels of roughly 30% of equity, vs. the 70% or higher levels prevailing in the 1980s -- large, diversified portfolios and economies of scale -- active management, vs. the passive approach of the old REITs, and professional, corporate-style management -- accountability to shareholders, including abundant disclosure of information -- one of the highest percentages of management ownership of any industry in the U.S.

potential for real estate investment trusts in Asia

Big potential for real estate investment trusts in AsiaMonday February 21, 2005

Big potential for real estate investment trusts in Asia

Big potential for real estate investment trusts in Asia

The Quiet Giant : Rodamco : Dutch Property Fund

The Quiet Giant

What is a REIT ?

Forbes.com: Market verdict: " A REIT is a group of real estate properties bundled together as a single entity, in which shares are sold, much as a mutual fund is a collection of shares in a number of companies. Both allow investors to own part of a diversified portfolio. In Japan two REITs were listed on the Tokyo stock exchange on Sept. 10, raising $1 billion. Korea and, reportedly, India have shown interest in the idea. Some estimates are for an Asian REIT market of more than $100 billion within a decade. 'Investors will have a new investment vehicle to consider,' says Michael Smith, head of Asian real estate origination for UBS Warburg in Singapore."

Real Estate Investment World Asia 2005 Program outline 27th 28th June

Real Estate Investment World Asia 2005 : CONFERENCE PROGRAM

Real Estate Investment World Asia 2005

Real Estate Investment World Asia 2005

REITS make the scene in Asia

REITS make the scene in Asia 01/10/2003. Source: AVCJ. Joel McCormick There has been a global rise in the number of Real Estate Investment Trusts (REITS), particularly in the Asian markets. Such funds can offer returns of around six or seven per cent. But are private equity firms interested in such investments? Not with those returns, argues Joel McCormick of the AVCJ.

Tuesday, March 01, 2005

Real Estate Investment World Asia 2005 : singapore June 27 - 29 workshop

Real Estate Investment World Asia 2005 BUSINESS DEVELOPMENT AND CAPITAL RAISING 14.00 Panel discussion: Successful capital raising strategies: Making your real estate fund attractive to investors Investors’ reactions to real estate investments in Asia for the past 12 months: where did the funds come from geographically? What are the sources and causes of capital inflow to real estate in the region? Domestic vs international capital sources What methods are proving successful? What are the key issues and conflicts in fund raising? Effective strategies for accessing the capital COUNTRY ROUND UP OF THE REAL ESTATE INVESTMENT SPACE IN ASIA PACIFIC The series of country-focused updates will explore on the various stages and issues of real estate investments in each country. Where are the growth opportunities and risks? What is the investment outlook and performance? Which products dominate each market?

Macquarie goodMan. REIT and Property Securitization

Macquarie Goodman drops on merger talk Australian, Emily Pettafor Following Macquarie Goodman's announcement of plans to internalise the management of its $3.2 billion industrial trust to seek growth opportunities in Asia, stocks in both Macquarie Goodman Management and Macquarie Goodman Industrial Trust have fallen. The former dropped 13 per cent to close at $3.47; the latter dropped 8c to close ar $1.94. As with the Westfield Group, Macquarie's strategy is to sacrifice growth to become part of a larger entity. © Media Monitors 2004

Macquarie goodMan. REIT and Property Securitization

Macquarie Goodman drops on merger talk Australian, Emily Pettafor Following Macquarie Goodman's announcement of plans to internalise the management of its $3.2 billion industrial trust to seek growth opportunities in Asia, stocks in both Macquarie Goodman Management and Macquarie Goodman Industrial Trust have fallen. The former dropped 13 per cent to close at $3.47; the latter dropped 8c to close ar $1.94. As with the Westfield Group, Macquarie's strategy is to sacrifice growth to become part of a larger entity. © Media Monitors 2004

Friday, January 28, 2005

Fwd: Google Alert - asia REITS real estate investment trusts

CNW Group summary of releases for Evening, Wednesday January 26 ... Canada NewsWire (press release) - Canada ... C6598 - TORONTO : Legacy Hotels Real Estate Investment Trust Reports ... interest) C6801 - VANCOUVER : Asia Pacific Foundation ... Income trusts and REITs included in ... Trust merger approved NEWS.com.au - Australia ... focus on expanding opportunities in Asia, emulating the ... of its Singapore-listed real estate investment trust. ... foreign capital to primarily build the REITs.". ... Fourth global LPT fund in four months Money Management - Australia ... a Henderson Global Investors team covering Asia and Europe, and boutique KG Redding & Associates, which covers US real estate investment trusts (REITs). ... 19-01-2005: CapitaCommercial plans to buy property abroad The Edge Daily - Malaysia ... Trust, one of Singapore's five listed real estate investment trusts (REITs), plans more ... The trust, 40%-owned by Southeast Asia's biggest property group ... RICS view - real estate investment trusts ... RICS: Vacancies: Worldwide: Africa: Americas: Asia Pacific: ... Corporate real estate: Development: Finance and investment: ... development areas: Finance and investment: ... -- Travel Contacts : lingo@resortsofasia.com Global Roaming Mobile : +65-96179355 Sender : Ong Ling Ling www.resortsofasia.com

ROAV : News USA : Ventrue Capital REITS

---------- Forwarded message ---------- From: Google Alerts Date: Thu, 27 Jan 2005 01:54:09 -0800 (PST) Subject: Google Alert - venture capital reits To: travelingo@gmail.com Google Alert for: venture capital reits Crestridge Investments is First Real Estate Finance Firm to Bring ... Business Wire (press release) - San Francisco,CA,USA ... LLC is moving beyond the traditional role of real estate finance to become the first in the industry to provide strategic venture capital, the lifeblood for ... CNW Group summary of releases for Evening, Wednesday January 26 ... Canada NewsWire (press release) - Canada ... TORONTO : Income trusts and REITs included in ... apprvl) C7281 - TORONTO : OpenSky Capital Managed Protection ... C7326 - VANCOUVER : TSX Venture Exchange - Trading ... 23M-SF Industrial Portfolio To Hit Market GlobeSt. com - New York,NY,USA ... Properties in CalEast's joint venture with Oak Brook-based ... to other property types and the large capital flowing into public industrial REITS," he adds ... Boston Properties, Inc. Announces Fourth Quarter 2004 Results Yahoo News (press release) - USA ... 1,103 982 Additional paid-in capital 2,633,980 2,104,158 ... of FFO, as well as that of other REITs and real ... our share of unconsolidated joint venture real estate ... See all stories on this topic ELS Reports Fourth Quarter Results; Reiterates Guidance for 2005 Business Wire (press release) - San Francisco,CA,USA ... (4) Joint Venture income is ... may not be comparable to FFO reported by other REITs that do ... FAD is defined as FFO less non-revenue producing capital expenditures. ... ________________________________ This once a week Google Alert is brought to you by Google. Remove this alert. Create another alert. Manage your alerts. -- Travel Contacts : lingo@resortsofasia.com Global Roaming Mobile : +65-96179355 Sender : Ong Ling Ling www.resortsofasia.com

Monday, January 24, 2005

Fwd: Google Alert - asia REITS real estate investment trusts

Millennium Media: Investment Professionals Offer Their Predictions ... ArriveNet (press release) - Castle Rock,CO,USA ... seeing increasing interest from investors in Europe and Asia, Lucaci noted. ... "Real Estate Investment Trusts (REITs) have been one of the hottest sectors in 2003 ... http://press.arrivenet.com/bus/article.php/564001.html CapitaCommercial to Double Assets to $2.4 Bln by 2007 (Update3) Bloomberg - USA ... 2 real estate investment trust, along with Ascendas REIT, which ... executive officer of Stork Capital Asia Pte in ... there are a number of REITS already operating ... SFC outlines five funds priorities Financeasia.com - Hong Kong ... time zone differentials in the Asia-Pacific are ... the SFC is reviewing regulations for real estate investment trusts. ... she realizes the market wants Reits to be ... http://www.financeasia.com/articles/7ED9AAFF-9027-7E17-4B8933202B92CC67.cfm Jurock.com - Now what is a REIT? And should I buy one? ... (Many of today's REITs are yesterdays ... Masthead | Contact Us REAG: Canadian Real Estate Investment Club Reproduction ... to the Canadian Red Cross Asia Earthquake & ... http://www2.jurock.com/commercial/tips/reit.asp ________________________________ This once a week Google Alert is brought to you by Google. Remove this alert. Create another alert. Manage your alerts. -- Travel Contacts : lingo@resortsofasia.com Global Roaming Mobile : +65-96179355 Sender : Ong Ling Ling www.resortsofasia.com

Thursday, January 13, 2005

List of hotels and Resorts : Update from i-Escape

The following is a status report on featured hotels located in areas affected by the recent earthquake and tsunami in Asia:SRI LANKA

UK Foreign Office Advice Following the recent tsunami, we advise against all but essential travel to affected areas on Sri Lanka's eastern, southern and south western coasts until local conditions improve. There were extensive casualties and damage along these coasts including to tourist resorts. For further details please refer to www.fco.gov.uk. Visitors are able to travel as normal to parts of Sri Lanka unaffected by the tsunami.

The South coast (including Galle), East coast (including Arugam Bay) and parts of the South West coast (including Bentota) were affected by the tsunami. The following properties in these regions are featured on i-escape:

Taru Villas and River House (Bentota): no damage and operating as usual from 15 January
Club Villa (Bentota): no damage and operating as usual from 15 January
The Villa (Bentota): no damage and operating as usual from 15 January
Saman Villas (Bentota): no damage and operating as usual
Taprobane Island (Weligama): incurred damage and currently closed, expected to re-open July 2005
Beach House (nr Tangalle): suffered serious damage and currently closed, expected to re-open July 2005
Sun House and Dutch House (Galle): no damage due to hillside location
Apa Villas (nr Galle): some damage, currently closed, expected to re-open June 2005. Any guests booked here have been re-located to Illuketia
Illuketia (nr Galle): no damage and operating as usual
Secret Garden (Unawatuna): suffered extensive damage and will remain closed until the end of 2005.
Kudakalliya (Arugam Bay): incurred minor damage but closed as the surrounding area and infrastructure was very badly hit
Claughton (Dikwella): no damage and operating as usual

Kandy, the Hill Country and Cultural Triangle were unaffected. Helga's Folly, Stonehouse Lodge, Villa Rosa, Paradise Farm, Boulder Garden, Galapita, Rafters Retreat, Tree Tops Jungle Lodge, Elephant Corridor, Kaladiya, Ulpotha, Colombo House, Horathapola, Havelock Place and Mount Lodge are all open for business as usual.

British nationals in Sri Lanka caught up in the tragedy should contact the British High Commission in Colombo if they have not already done so. The High Commission is open on an emergency 24-hour basis. Its telephone number is: (00-94) 112437336.


THAILAND

UK Foreign Office Advice Following the recent tsunami, until local conditions improve we recommend against all but essential travel to affected resorts and towns along ThailandÂ’s west coast, in particular Phuket, Krabi and Khao Lak. Some coastal areas of Thailand were hit by a large tsunami on 26 December, resulting in widespread flooding and damage. Large numbers of casualties have been reported. The infrastructure and public services are severely disrupted. For the latest information please refer to www.fco.gov.uk

The following hotels on  as reported by ."i-escape".  were affectedÂ…

Golden Buddha (Koh Phra Thong): extensive damage to property, loss of life confirmed and many more missing, island has been evacuated. No word yet as to when the resort could be up and running again.

Sri Lanta (Koh Lanta): suffered no structural damage or casualties but the gardens and furnishings in the lower public areas were destroyed. Scheduled to re-open about 20 January 2005.

The East coast of Thailand (including Hua Hin, Koh Samui, Koh Tao and Koh Pha Ngan), was untouched and the hotels there are functioning as normal

British nationals in Thailand caught up in the tragedy should contact the British Embassy in Bangkok, which is open on an emergency 24-hour basis. The telephone number in Thailand is 02 305 8333. A team of officers from the British Embassy and the Honorary Consul have opened an emergency office in Phuket, which will aim to provide immediate practical advice for British nationals in Phuket and other adjoining areas. Its numbers are 076 264 473/4/5 and 076 264 484.

INDIA - Kerala

None of our hotels or houseboats in Kerala appear to have incurred any damage and are operating as usual. The Kerala Tourism Board has stated that all tourist destinations are Functioning as usual.

INDIA - Goa

None of our hotels have incurred any damage and are operating as usual.

MALDIVES

UK Foreign Office Advice Like other countries in the region, the Maldives was hit by a series of tidal waves on 26 December 2004 A State of Emergency has been declared. There has been serious damage to a number of islands, including some resort islands. Before travelling, those planning a holiday in the Maldives should check with their tour operator that their resort island is operating normally.

The following hotels in the Maldives

Soneva Fushi: Buildings received minor damage that will be repaired by 30 December 2004

Soneva Gili: Incurred some damage and is officially closed now. It is their intention to reopen the resort by 1 February 2005. A firm re-opening date will be given as soon as possible.

Wednesday, January 12, 2005

Phuket Hotel Status after Tidal Wave

Phuket Hotel Status after Tidal Wave

Phuket Thailand - Accomodations

Phuket Thailand - hotel, travel and tourist information guide

Pee Pee Island Village Resort and Hotel, Krabi, Thailand

Pee Pee Island Village Resort and Hotel, Krabi, Thailand: "Pee Pee Island Village Co., Ltd. 89 Satoon Rd., Muang District, Phuket Tel : (076) 215-014, 258186 Fax : (076) 214-918 " Hotel Status : Aircondition at the beachfront villas is broken. Some guests have moved to KBV or HKT, most guests at hillside villas have decided to stay

P.P. Erawan Palms Resort - Krabi, Thailand : consideration to Close

P.P. Erawan Palms Resort - Krabi, Thailand

P.P. Erawan Palms Resort - Krabi, Thailand

P.P. Erawan Palms Resort - Krabi, Thailand

P P Charlie Beach Resort, P P Island, Krabi Thailand

P P Charlie Beach Resort, P P Island, Krabi Thailand

Phuket Thailand - hotel, travel and tourist information guide

Phuket Thailand - hotel, travel and tourist information guide: "Updated pictures and Status of Phuket Hotels Click on the pictures to see complete photo gallery in larger size. Bang Tao Laguna Beach Resort - $$$$$ 252 room(s), Price from US$ 128 In light of the recent tidal waves which hit Phuket on 26th Dec 04, Laguna Phuket and Laguna Beach Resort have been spared the more serious damage since it was protected from a direct hit by the headland to its South. Below are the updated details of the Resorts since the catastrophe: 1) All F&B outlets were opened since 27th Dec 04 2) Of the 3 swimming pools, the upper pool was not effected. Main pool was back into action on 3rd Jan 05. Dive pool will be back on 7th Jan 05. 3) Beach was all cleaned up since 28th Dec 04 4) Only 14 guestrooms are out of order 6 pictures provided by Laguna Beach Resort Sheraton Grande Laguna Phuket - $$$$$ 325 room/villa(s), Price from US$ 245 Of the five hotels at Laguna Phuket, Banyan Tree Phuket and Allamanda Laguna Phuket were unscathed apart from damage to a small beach restaurant operated by Banyan Tree. The Sheraton Grande Laguna Phuket now has only six rooms remaining out of order, and Laguna Beach Resort 14. 8 pictures provided by Sheraton Grande Laguna Phuket Trisara - $$$$$ 45 room/villa(s), Price from US$ N/A Trisara is blessed with a fringing reef that broke the waves� strength, and we suffered only minor damage to the main pool, which simply filled with sea water. This has now been repaired and guests are happily lazing by the beach and pool. The scene at our property is exactly the same today as i"

Pimalai Resort and Spa

Pimalai Resort and Spa