At Chicago-based Equity Residential Properties Trust, one of the more efficient REITs, this ratio is a rock-bottom 1.3%.
Blackstone sold most of Equity Office Properties immediately after its 2007 buy-out, which helped it pay down debt.
Samuel Zell's Equity Office Properties Trust bailed out of two huge downtown buildings at a loss earlier this year.
Stocks of the biggest operators in the industry, Equity LifeStyle Properties Inc.
The biggest news here is the duel to win Equity Office Properties, one of the nation's largest office real estate investment trusts.
Exceptions include publicly held real estate investment trusts, such as Equity Office Properties and Vornado Realty Trust , as well as some esoteric publicly traded partnerships.
Equity Office Properties owns around 30% of offices in Chicago's west loop, for instance, and is said to be using its clout to influence prices.
By restructuring mortgages so that homeowners have 5% equity in their properties rather than negative equity, Ocwen creates an incentive for homeowners to keep up with a more affordable payment schedule on a reduced principal.
That has not come to pass, and, though he is also losing the seven office buildings he bought from Equity Office Properties in February 2007-- Deutsche Bank (nyse: DB - news - people ) has put them all on the market--he still has a major development site at Park Avenue and 56th Street, the former Drake Hotel and a handful of other impressive assets.
The equity in those properties are used as collateral or leverage to acquire more.
Another positive: The mortgages behind the CMO were written for an average of 74% of appraised home values, meaning borrowers had equity in the properties from the outset.
At the same time, he said stocks were reacting to a better economic environment, and also spoke of the improvement in housing markets, with rising home prices helping many attain positive equity on their properties.
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Other competitors in the services sector include: BRE Properties, Inc. (BRE), Equity Residential (EQR), and Home Properties, Inc. (HME).
The company also holds oil and natural gas properties through an equity investment in a joint venture with EXCO Resources, Inc.
The company also holds oil and natural gas properties through an equity investment in a joint venture with EXCO Resources, Inc. through the company's wholly-owned subsidiary, HGI Energy Holdings, LLC.
Totaling just under 22% of all mortgaged homes in the U.S., many of these upside-down homeowners are choosing to stay put until prices rise enough to restore their properties to positive equity.
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Similar to its global and European funds, the new Asia fund will have flexibility to invest equity in all types of properties and to buy debt, say people who have been briefed on the fund.
Rising debt multiples and falling financing costs has allowed private equity firms to pay more for properties.
To the extent he has chosen well the enormous goodwill on the balance sheet is academic, his equity portfolio stands dwarfed by these properties.
The chief executive of Abu-Dhabi-based Hydra Properties also chairs Falcon Equity, which is run by Holger Haims, former managing partner of 'DVC' - Deutsche Venture Capital.
Morgans has a management contract to run the properties and is a real estate equity partner in all of them, shouldering its share of all operating expenses including its own management fee.
Jan Burman, president and co-founder of Engel Burman, said his company sold its six properties in 2007 to take some equity out of the company rather than as part of a desire to exit the industry.
Meanwhile, international private equity groups have been picking up distressed Irish loans and properties at fire sale prices.
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By contrast, many projects before the downturn were financed with little or no preleasing and just 20% in equity investment from developers, said Fred Bruning, CenterCal Properties' chief executive.
Unlike Trump, whose development business is privately held, and Zeckendorf, who flourished before the real estate investment trust was invented, Zuckerman gets ample equity capital for his projects via share offerings of Boston Properties.
Federal Realty is an equity REIT that specializes in the ownership of high quality retail properties.
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The vast majority of real estate investment trusts--known as equity REITs--pay mostly cash for high-grade commercial properties.
He also outlined the Welsh government's support through the home buy and other shared equity schemes and rent first which offer tenants the opportunity to buy their properties.
Concurrently with the IPO, Silver Bay will engage in formation transactions through which it will acquire an initial portfolio of single-family residential properties from entities associated with Two Harbors and Provident in exchange for equity interests in Silver Bay.
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