News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
William D. Cohan / The Atlantic / September 19, 2013
The Blackstone Group and other members of the fast-money crowd have a risky new strategy for investing in real estate—this time as landlords.
For more than a generation now, like it or not, Wall Street’s financial engineering has helped determine whether the average American can buy a home. Once upon a time—before Wall Street stuck its nose under the mortgage tent—the formula for homeownership was pretty simple: if the neighborhood banker thought you would pay it back, you had a pretty good chance of getting a 30-year mortgage. The local touch gave both parties the incentive
John McManus / BIG BUILDER / September 20, 2013
Even as another round of bids is expected within the next two weeks for the prized five-company home building operation–Weyerhaeuser Real Estate Company–word from industry insiders is that a company has emerged with an inside track on a deal.
Brookfield Residential, whose parent company Brookfield Asset Management Inc. sold it Longview Timber holdings to Weyerhaeuser Co. for $2.65 billion, including assumption of debt, may turn around and use proceeds to acquire Weyerhaeuser’s home building operations, using a seldom-used deal structure that would spare the sellerRead More
As Housing Rebound Helps More Retirees Sell Homes, Investors Prep for Increased Demand for Senior Housing
Mark Heschmeyer / CoStar / September 11, 2013
Relatively Affordable Senior Unit Prices Attracting Buyers, REITs Allocating More Funds for Property Acquisitions
Senior housing investment sales, which have been slowly creeping up this year, could see a big boost in activity in the near future. Investors in the sector see senior living assets continuing to benefit from the ongoing recovery in housing, which is making it easier for older owners to sell their homes in anticipation of moving to a senior housing facility.
Seeing this trend, several major public REITs are beginning to sell some of the their commercial assets, which are gettingRead More
John McManus / BIG BUILDER / September 6, 2013
The inside story of how TRI Pointe Homes went public and changed the game of housing in 2013 and beyond
In earlier segments of The Big List, we met the principle cast of characters in TRI Pointe Homes quest for a big strategic play on Wall Street earlier this year. In Part 1, we noted how global and domestic urgency around yield crescendoed toward the end of 2012 and the beginning of 2013, driving capital into home building as investors wagered that housing’s big turnaround had come.
In Part 2, we looked at a more granular level at the pedigree and essentials for a home building company toRead More
John McManus / BUILDER / August 22, 2013
Although Fed taper angst and a couple of underwhelming late entrants in home building’s initial public offering beauty pageant have cast a pall over equity investor enthusiasm in the waning days of August, all is not quiet in home building’s dog days landscape.
Bidders are jockeying for advantage on two game-changing home building crown jewels–the five-piece Weyerhaeuser portfolio of home builders with a reported total of 27,000 lots and California-based Shapell Homes, with an estimated California lot pipeline of 5,000–as the race to lock in land supply forRead More