NEWSLETTERS
Outlook for Fall 2009
Our target market characteristics include high population density with little or no vacant land available to develop competing shopping centers. Our target geography spans from San Diego to San Francisco in developed coastal areas. During the past 18 years, we have acquired 2.8 million square feet of retail shopping centers, 83% located within 12 miles of the Pacific Ocean.
Read More Outlook for 2009
Our primary focus remains as it has for the past 25 years, in Coastal California, across multiple property types located within 30 miles of the Pacific Ocean. InvestecŐs owned and managed real estate balance sheet remains strong, with $700 million of investment real estate and a debt-tovalue ratio of only 28%.
Read More Outlook for 2008
Amid the upheavals in the sub-prime market and the repercussions to the lenders and owners of these mortgages, we see opportunities. When times are good and money is flowing easily, as it had been for the last three or four years, it is difficult to find good values in the market. Investec's returns have been exceptional during these past several years, but competition was fierce for the quality deals. Often we were out-bid by more aggressive buyers who found capital easy to come by. We welcome the return of a more conservative financing market where substantial down payments and equity are required to purchase good properties.
Read More Opportunities in 2007
With the froth evaporating off the top of the single family residential market and prices in this asset class likely to remain down for a couple years, there are opportunities for those who believe, as we do, that housing prices will rise again in 2009 and 2010. Many of the singlefamily projects on the drawing board since 2004 donŐt make financial sense today, due to the market correction. Of greater impact to residential developers is the fact that the big public home builders, who were significant buyers of the smaller approved residential projects, have pulled out of that market. This combination of dropping prices and the loss of the high profit exit strategy has many residential developers thinking twice about jumping into new residential projects.
Read More
Our target market characteristics include high population density with little or no vacant land available to develop competing shopping centers. Our target geography spans from San Diego to San Francisco in developed coastal areas. During the past 18 years, we have acquired 2.8 million square feet of retail shopping centers, 83% located within 12 miles of the Pacific Ocean.
Read More
Our primary focus remains as it has for the past 25 years, in Coastal California, across multiple property types located within 30 miles of the Pacific Ocean. InvestecŐs owned and managed real estate balance sheet remains strong, with $700 million of investment real estate and a debt-tovalue ratio of only 28%.
Read More
Amid the upheavals in the sub-prime market and the repercussions to the lenders and owners of these mortgages, we see opportunities. When times are good and money is flowing easily, as it had been for the last three or four years, it is difficult to find good values in the market. Investec's returns have been exceptional during these past several years, but competition was fierce for the quality deals. Often we were out-bid by more aggressive buyers who found capital easy to come by. We welcome the return of a more conservative financing market where substantial down payments and equity are required to purchase good properties.
Read More
With the froth evaporating off the top of the single family residential market and prices in this asset class likely to remain down for a couple years, there are opportunities for those who believe, as we do, that housing prices will rise again in 2009 and 2010. Many of the singlefamily projects on the drawing board since 2004 donŐt make financial sense today, due to the market correction. Of greater impact to residential developers is the fact that the big public home builders, who were significant buyers of the smaller approved residential projects, have pulled out of that market. This combination of dropping prices and the loss of the high profit exit strategy has many residential developers thinking twice about jumping into new residential projects.
Read More