000			01788cad a22002175a 4500
001			L146572
008			090204s2008 xxkd f s 000 0 eng d
035			_a(Sirsi) u146572
041	0		_aeng
050	0	4	_a333.33 $2 18
110	2		_aPramerica Real Estate Investors (PREI)
245	0	0	_aDeleveraging the commercial real estate market _h[electronic resource]
260			_aParsipanny, NJ _bPramerica Real Estate Investors _c2008
505	2		_aEnd of an era -- Mortgage pie to shrink -- Historical analysis -- New capital sources needed -- Deleveraging to impact real estate -- Important disclosures
520			_aReport looks at the need for the US commercial real estate market to deleverage, after an unprecedented and arguably unwise ballooning of the mortgage market between 2003 and 2008. Provides a historical analysis of the problem and suggests that new sources of capital will be vital as less money is available from traditional lenders seeking to reduce their amounts of debt and stabilise capital. The authors state that the slowing of the real estate market will have a further adverse effect upon the US economy as a whole and that the sudden change to a risk-averse lending climate will cause difficulties for businesses seeking to refinance loans. The report closes by saying that there will be opportunities in the current market for those with available capital to buy assets from overleveraged firms in the event that refinancing is not an option. Caution is advised, specifically with regard to the pricing of risk.
521			_aAdvanced
590			_aKA NTK
651		4	_aUnited States _y1959-
856	4	0	_uhttps://www.whopru.prudential.com/wp/media/Prudential_CREI_Dec08.pdf _zView the item free of charge online at www.prudential.com website
942			_n0
999			_c109221 _d109221