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Earlier this month, I and a few of my colleagues here at Dechert attended CREFC’s 2014 High Yield Distressed Realty Assets Summit. The general sentiment of optimism and exuberance for 2014 felt in Miami was not as palpable at the NY Athletic Club, although this may have been brought on more by the fact that this is a distressed debt conference, rather than anything having to do with the market.
Continue Reading 2014 CREFC High Yield Distressed Debt Summit

I have been mulling our 2014 Outlook for some time and decided to wait until after the New Year and CREFC to write.  Just in case we got the whole Mayan calendar end of the world story wrong by a year (hey, it was 5000 years old) which would make the whole prediction thing a bit irrelevant, I elected to wait and possibly save me some work.  But we’re still here and settling into 2014.  It’s time. 
Continue Reading 2014 OUTLOOK

Over the course of three days during the second week of January, a record turn-out of over 1500 industry insiders attended CREFC’s January 2014 Conference at the Fontainebleau Hotel on Miami Beach. On Monday night, over 500 clients found their way to Dechert’s party at the SLS Hotel to celebrate a fantastic 2013 and what most attendees think will be an even better 2014. The record attendance at the Conference and Dechert’s reception demonstrated the feeling among most attendees that the market will continue an upswing through 2014.

Although the highlight for many at the conference was Billy Bean’s standing-room only keynote address, all of the panels and seminars were extremely well attended and offered the usual insightful and entertaining commentary on the state of the industry. It was hard to find many shadows lurking around the general feeling of optimism and exuberance for 2014, but a few general trends did emerge during the conference:
Continue Reading CREFC January 2014 Conference Recap

It’s January and with that brings New Year’s resolutions, the NFL playoffs, college football bowl games (although the best game this season was watching Auburn beat Alabama with a 109 yard field goal return), and, of course, the annual CREFC conference in South Beach. This year’s line-up doesn’t disappoint, with panels titled "Best Investment Ideas: High Yield, Investment Grade, Direct Property", "Balance Sheet Lenders: Buy and Hope?", "Choosing a Lender: Just Hooking Up or A Long Term Commitment?", and "Capital Market Lenders: Buy or Goodbye?".Continue Reading 2014 CREFC Conference

This week, over a thousand industry participants made their way through a rain soaked Manhattan for the start of CREFC’s Annual Conference. The low hum of attendees taking conference calls in corners and tapping messages on iphones provided a constant auditory backdrop to the event and aptly conveyed the velocity of the CMBS industry in 2013. The market is back to work.Continue Reading Stormy Skies Greet Sunny Outlook at CREFC 2013

Next week, hundreds of industry participants will make their way to New York for CREFC’s Annual Conference.

The conference promises to provide a forum to explore present and future market trends in commercial real estate, as well as an opportunity to gain valuable insight from many leaders in the market as to where we are and where we are headed. With panels such as “Lend-sanity: Competition Between Balance Sheet and Conduit Lenders” and “Borrowers: Is it their Game Now?”, it is clear there is no shortage of activity in commercial real estate, and there shouldn’t be any shortage of interest in this forum. The conference’s keynote address will come from Blackstone’s Global Head of Real Estate, Jonathon Gray, who will be sure to offer a unique viewpoint of the current and future landscape of real estate investments. Continue Reading CREFC Returns to the Big Apple

Last week, we and a few of our colleagues here at Dechert attended CREFC’s 2013 Distressed Debt Summit. Echoing the mood at January’s CREFC conference, the mood at the NY Athletic Club last week was upbeat about the CMBS market as a whole but the general sentiment, with respect to the distressed debt market, is that good deals (in other words, deals worth making) are harder and harder to come by.Continue Reading Reflections on the 2013 CREFC Distressed Debt Summit

After a night of fun at Dechert’s party at the SLS Hotel, many of us needed a pick-me-up on Tuesday morning. Those of us that dragged ourselves out of bed and into the roundtable discussion on market issues and opportunities were not disappointed. The quick hitting discussion by over two dozen industry insiders, including Crunched Credit’s own Rick Jones, provided no lack of entertainment or insight into the current state of the industry.Continue Reading CREFC Day 2: Riding the Wave

The Loews Hotel buzzed with optimism on the first day of the CREFC January conference, as over 1,300 attendees descended on South Beach.  After catching up with many friends, the Monday morning session began with lively meetings of the Agency Investors Forum, the High Yield and Investment Forum, the Issuers Forum and the Portfolio Lenders Forum.  Panelists at the forums expressed a general sense of optimism for 2013 and expect the general market trends of 2012 to continue into 2013.Continue Reading Day 1: CREFC Sizzles on South Beach

South Beach will welcome over 1200 lenders, borrowers, servicers, lawyers and other service providers to the January 2013 CREFC Conference for another party in the city where the heat is on. The conference kicks off on Monday with a series of forums for agency investors, high yield debt investors, issuers, portfolio lenders, servicers, B-Piece buyers and IG bondholders. The featured speaker Monday afternoon will be David Malpass, the president of Encima Global, an economic research and consulting firm serving institutional investors and corporate clients.Continue Reading January Conference 2013: CREFC’s Going to Miami