Commercial Real Estate 2013: a year in review

COMMERCIAL REAL ESTATE Year In Review 2013 AMERICAN REALTY TO BUY COLE REAL ESTATE "$11.2 B The largest net lease REIT is being born in a 3,732, properties in 49 states + Puerto Rico MERGER ARCHSTONE PROPERTIES PORTFOLIO SOLD Largest Multi-Family REIT AVB EQR ARCHSTONE $ 6.5 B $ 8.96B 66 Properties (22,000 inits) 78 Properțies (23,100 units) BLACKSTONE: the IPO maestro 24 HILTON WORLOWIDE EXTENDED STAY A MERICA SEEKING TO RAISE $1.5B $27B ВухмOR PROPERTY GROUP UP TO WCI COMMUNITIES BLACKSTONE MORTGAGE TRUST 520 684 IN ASSETS 24К нотаS OFFERED 16M SHARES $500M CONTROLS НОTELS STORES 8,300 E HOTELS HOME SITES RAISED> S5UUM 87M SOET MAY CRAMER SAYS: "GET A ROOM IN THIS IPO" MAY JULY JULY SEPTEMBER MARCUS & MILLICHAP GOES PUBLIC: the first CRE firm IPO since HFF in 2007 Years to IPO 32 years M&M HFF JLL CBRE years 29 98 years years 30 50 70 90 100 BLACKSTONE (again?) is the first on Wall Street to securitize SFR 3,207 $1,312 Invitation Homes backed by 40.1% $479.1M rental properties non-recourse first lien avrg. monthly rent floating rate OFFICE MAX + OFFICE DEPOT: The Merger of equals is complete UIIIUL IYIMA Office #2 DEPOT Max # 3 $17.6B in sales ~2200 stores ~250 stores closed since 2008 $24.4B in sales ~2300 stores flat footprint since 2008 #1 STAPLES VS. STAPLES still wins! VERSACE MANSION the mona lisa of real estate is sold for (well, maybe not a big deal but sooo glamorous) $41.5M Built by Standard Oil heir Alden Freeman Casa Casuriana Renovation Cost Estate files for Bankrupcy Price Drop $ 75 M Sold!! 1930 $33M Chapter 11 June 2012 1992 1997 2012 Auction Joe Nakash outbids Donald Trump and Glenn Straub with 67% discount to listing Versace Buys the Mansion Gianni Versace is shot For Sale $ 125 M Starting Bid $ 25 M Famous designer is shot outside his mansion price and plans to turn the property into a boutique hotel Listed for sale and hits America's most expensive homes list Sources: http://www.nydailynews.com/life-stylelreal-estatelversace-mansion-sold-41-5-million-article-1.1458964 http://www.costar.com/News/Article/Starwood-To-Spin-Off-Single-Family-Residential-Business/153938 http://www.costar.com/News/Article/Blackstone-Taking-Hilton-Worldwide-Public/152348 http://www.costar.com/News/Article/Investment-Virtuoso-of-Blackstone-Evident-in-the-IPO-Markets/150539 http://www.costar.com/News/Article/Blackstone-Taking-its-Grocery-Stores-Public/150414 http://www.bloomberg.com/news/2013-10-23/american-realty-capital-to-buy-cole-real-estate-for-6-85-billion.html http://www.costar.com/News/Article/OfficeMax-Office-Depot-Merger-The-Evolution-of-a-Brick-Mortar-Business/146143 http://www.costar.com/News/Article/Marcus-Millichap-Aiming-to-Go-Public-As-IPO-Market-Heats-Up/152745 http://www.multifamilyexecutive.com/mergers-and-acquisitions/the-top-10-multifamily-deals-of-2013.aspx created by: EMONETAREX