Stephen Blank

Stephen R. Blank joined ULI in December 1998 as Senior Fellow, Finance. His primary responsibilities include: expanding ULI’s real estate capital markets information and education programs; authoring real estate capital market commentary; participating as a principal researcher and adviser for the Emerging Trends in Real Estate series of publications; organizing and participating in real estate capital markets programs at ULI events worldwide; and participating in industry meetings, seminars, and conferences. Prior to joining ULI, Blank served from December 1993 to November 1998 as Managing Director, Real Estate Investment Banking of Oppenheimer & Co., Inc. His responsibilities included: structuring, underwriting, and executing corporate financings including initial public offerings of common and preferred shares, unsecured debentures, and convertible bonds; property acquisitions, dispositions, and financing; and financial advisory services including mergers and acquisitions, corporate restructurings, and recapitalizations.

The times, they are improving. So says the National Property Index of the National Council of Real Estate Investment Fiduciaries which produced stellar returns during the 4th quarter 2010 as well as on a trailing 12-month basis. See how their index, comprised of 6,175 properties valued at $247.1 billion, charts the performance of properties and functions as a benchmark for many institutions.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged; financing appears available at attractive rates (5.25% - 5.50%). Absent a severe “shock to the system”, rates seem likely to fluctuate within this narrow band for the foreseeable future.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders came in a “few” basis points (0.09%); financing appears available at attractive rates.
According to Fitch, the 60-day delinquency rate on cmbs offerings reached 8.59% as of January 31, 2011, as compared to 8.23% a month earlier, and 6.00% as of a year earlier. Fitch tracks the performance of approximately 38,000 loans valued at approximately $416 billion. Read where Steve Blank advises putting your “rescue money” if it is looking for a “home.”
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged as a decrease in spreads was offset by an increase in 10-year Treasury bonds. An all-in cost of 5.25% - 5.30% remains very attractive.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained basically unchanged with an all-in cost of 5.50% remaining very attractive.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged; both sides of the market (borrowers and lenders) seem content for now with spreads and rates where they are.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged. Wait another two weeks and we’ll see how things shape up after the first round of 2011 deals are committed. Read about snapshot deals reflecting today’s capital markets.
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