Latest news with #SitusAMC
Yahoo
21-05-2025
- Business
- Yahoo
SitusAMC Releases ValTrends Quarterly Report, "Fog on the Tracks," as CRE Investors Pause Amid Uncertainty, Signal Optimism on Resilient Sectors
NEW YORK, May 21, 2025 /PRNewswire/ -- SitusAMC is pleased to announce the release of its latest quarterly research report, ValTrends, offering data-driven insights into commercial real estate (CRE), valuation trends, space market fundamentals, and investor sentiment. The quarter's report, titled Fog on the Tracks, explores how ongoing economic uncertainty, volatility in public markets, and a pullback in deal activity are shaping investor behavior. While CRE investors pause for the fog to clear, certain indicators point toward green shoots on the track, especially for quality multifamily property. The report, authored by Peter Muoio, PhD, Head of SitusAMC Insights, and Jen Rasmussen, PhD, Vice President, SitusAMC Insights, combines proprietary market research with exclusive survey data from institutional investors to provide a comprehensive analysis of capital market conditions and current state of CRE valuations. Key takeaways include: Investor Sentiment & Market Outlook: While investors consider CRE a safe haven, widespread economic uncertainty and erratic equity market performance have led them to adopt a cautious, wait-and-see approach. Even though deal activity continues to slow, making valuations more challenging, early signs of recovery are emerging. Select CRE sectors are showing improving returns and tapering supply, setting the stage for potential rebound in rent growth. Capital Market Trends: Signs of Stability Emerge Investor sentiment toward CRE improved in Q1 as the asset class was increasingly viewed as a safe haven following early April policy announcements and equity market chaos. Debt and equity capital became more disciplined amid heightened policy uncertainty and after a relaxing of standards in 2024. CRE cap and discount rates did not move much; remained flat in Q1. After signs of a market thaw in 2024, investor recommendations to hold assets jump amid the current state of political and economic uncertainty. Sector Preferences: As investors seek stability amid ongoing market ambiguity, preferences are shifting sharply. Apartments surged to the top of investor rankings with the strongest sentiment recorded in over a decade, buoyed by low new supply and consistent returns. Apartments have seen four consecutive quarters of positive returns. Retail followed behind, viewed as a steady performer insulated from economic uncertainty. Office remained at the bottom of investor rankings. "The quarter's findings illustrate a CRE market in flux," said Muoio. "Investors are prioritizing resilience and stability as they navigate an uncertain market environment. Apartments stand out as a favored asset class thanks to limited supply and sustained demand. Meanwhile, office continues to struggle, though early signs of stabilization are appearing in some sectors." The full report also includes in-depth assessment performance data for all sectors, including total return, occupancy change, and rent growth, as well as anonymized commentary from institutional investors and strategic insight to help market participants make informed decisions for their investments. The release of this thought leadership report reinforces SitusAMC's commitment to providing deep insights, analysis, and intelligence that power the full lifecycle of real estate finance. The report is invaluable to those seeking to stay informed and competitive in today's fast-paced business environment. The report can be downloaded here: SitusAMC ValTrends 1Q25 About SitusAMCSitusAMC is a leading independent provider of strategic outsourcing, advisory, talent, and technology solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading solutions that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity. For more information visit Press Contacts:Great Ink CommunicationsRoxanne DonovanEric WatersFrancisco MirandaJimmy Lappas212-741-2977395594@ SitusAMCAndy Garrett Head of Marketing 395594@ View original content to download multimedia: SOURCE SitusAMC
Yahoo
13-05-2025
- Business
- Yahoo
SitusAMC Appoints Brook Tretter as Managing Director of Residential Revenue
NEW YORK, May 13, 2025 /PRNewswire/ -- SitusAMC, the leading provider of strategic outsourcing, advisory, talent, and technology solutions to the real estate finance industry, today announced the appointment of Brook Tretter as Managing Director of Residential Revenue for the firm's Residential Real Estate (RRE) division, effective April 28, 2025. Ms. Tretter will report directly to the Head of RRE, Tom Britt. Ms. Tretter has an extensive background in sales leadership and a proven track record of driving revenue growth. In her role, she will be responsible for overseeing Sales and Business Development with a focus on driving revenue, accelerating client growth, and ensuring overall customer satisfaction in alignment with SitusAMC objectives. She will work in close partnership with business and marketing teams to ensure alignment and collaboration. Ms. Tretter has over two decades of experience in the real estate technology space. Her exceptional leadership skills have been evident in her ability to drive year-over-year growth, achieve high client retention rates, and lead successful sales teams. Throughout her career, she has consistently driven strategic revenue growth, fostered cross-functional collaboration, and strengthened client relations. "We are thrilled to welcome Brook to our team," said Britt. "Her expertise in sales leadership, deep knowledge of the real estate finance sector and connectivity to the market will be instrumental in helping SitusAMC achieve our objectives and continue to power opportunity for our clients." About Brook Tretter Ms. Tretter joins SitusAMC from Cotality (formerly CoreLogic), a private equity owned real estate information services organization, where she held various sales leadership roles for more than 18 years. Most recently, Ms. Tretter served as the Senior Vice President, Head of North America Sales, in Cotality's Insurance division. Under her leadership, the team drove more than $35 million in annual growth and retained 96% of the existing client base, resulting in more than $154 million in revenue. With over two decades of experience in sales leadership and a strong track record of driving revenue growth, Ms. Tretter has established herself as a proven leader in the real estate technology sector. Her career highlights include leading sales teams, developing comprehensive sales strategies, and fostering strong client relationships. She was the Sales Leader of the Year in 2021 and was named to Cotality's Circle of Excellence based on revenue growth. Ms. Tretter holds a Bachelor of Arts in Linguistics from California State University, San Bernardino, and has completed the KPMG Executive Leadership Program. Additionally, she pursued Cultural and Foreign Language Studies at the University of Madrid, Spain. She is also actively involved in various volunteer roles, including serving as the Chair-Elect of the Irving Schools Foundation and volunteering at the North Texas Food Bank. About SitusAMC SitusAMC is a leading independent provider of strategic outsourcing, advisory, talent, and technology solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading solutions that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity. For more information visit Press Contact:Andy GarrettHead of Marketing & Communicationsandygarrett@ View original content: SOURCE SitusAMC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
One in three distressed borrowers handing back buildings, experts say
More and more borrowers are handing over the keys to their distressed buildings, according to panelists at the IMN Distressed CRE West Forum in San Francisco this week, leaving their lenders with no court fight to foreclose but often a 'pretty messy' clean up job filled with potential pitfalls and liabilities. About one-third of distressed borrowers recently have been offering a deed-in-lieu of foreclosure to their lenders, according to Dan Duarte, director of the special assets department at Chico-based Tri-Counties Bank, who moderated a panel on 'Forced Owner Exit Strategies.' Duarte said it had been years since he had seen this many borrowers ready to walk, oftentimes leaving the bank with not just the building, but also past due taxes. 'The borrower is actually coming to the bank and saying, 'Look, will you accept a deed-in-lieu? We're done. We don't want to go through the foreclosure process. We don't want to take on default interest rates. We just want to hand it back to you,'' he said. But banks do not want to own more buildings, especially where the value of the property becomes significantly lower than the debt. So while there is some simplicity to deed-in-lieu agreements, 'we spend a lot of time trying to avoid that,' said Seth Moldoff, director of special assets for Umpqua Bank. 'The offer of the deed-in-lieu is interesting, but it's usually not going to work out well from the bank's perspective,' he said. Moldoff added that sometimes his frontline bankers will try to put a property that's up to date on payments into the workout group just because they are a few years behind on property taxes. But in the current environment, that's not enough to make the grade, he said. 'I understand the concern, but we've got to focus on the companies that aren't making the payments to the bank, and we'll deal with the property taxes at the end of the day,' he said. Taxes and other liabilities, like payouts to vendors that lag the deed-in-lieu, can make them 'pretty messy,' said Sandra Adam, director of financial diligence and forensic analysis at SitusAMC, even if there's a creative solution where a loan sale occurs before the foreclosure. 'Working out who gets what and when could take months,' she said. 'There's multiple things going on in the background and at the same time the vendors need to get paid, so cash needs to be distributed.' Some lenders have also been loath to part with reserves to help pay off debts, even before a loan is in default, and that's a 'big no-no' that could lead to a lender liability suit, according to Thad Wilson, partner at law firm King & Spaulding. 'If you're telling borrowers, you really have got to fund this out of your capital, out of your own pocket, you may think that's a wise decision today, but I can assure you that if the loan goes into default you will regret that decision down the road,' he said. The distress conference was the second for real estate conference company IMN on the West Coast and attracted about 220 ticketholders, many of whom came in from out of town, according to organizers. As such, most panelists spoke to more general market conditions that were not specific to the Bay Area. At the same time, it's 'no coincidence' that the conference was held in San Francisco, also for the second year, according to Heather Turner, CEO and founder of Portland-based Tamarack Capital Partners, a hospitality-focused investment firm. Turner called San Francisco a 'great long-term market' where her company has done over $1.5 billion in hotel deals over the years, but also one with a lot of distress, and therefore a lot of opportunity for buyers with patient money, like family offices. 'When we look at markets like Portland and San Francisco that have had very poor recovery relative to pre-COVID levels. Those are prime buying opportunities for longer duration capital,' she said. 'It's probably early still, in my opinion, in some of these markets for private equity funds who are looking for a three- to five-year flip because there's still a little bit too much uncertainty in order to achieve the types of returns that they're looking for in those time horizons.' Echoing comments made by those in the earlier panel, Turner said her company did a 'very cooperative' deed-in-lieu on a hotel property with a lender because 'we're not going to put good capital after bad and end up with a basis that we're never going to get that new money out of anyway.' That gave Tamarack the ability to deploy those funds into more opportunistic deals instead and left the firm's relationship with the bank 'on equal footing' to where it was before the deed-in-lieu, she said. Relationships and transparency between borrowers and lenders are key when things get tough — a refrain from many panelists throughout the day. For Bay Area investors, the transition from a white-glove local bank like Silicon Valley Bank or First Republic to a big national bank like JPMorgan has been 'one of the most unenjoyable experiences in the history of mankind,' according to Riaz Taplin, founder and CEO of Oakland-based multifamily developer Riaz Capital. 'Making sure that you have a lender that you can talk to if you're in the value-add developer business, as opposed to a lender that will not fundamentally talk to you is the biggest decision to make at the front end,' he said. 'Will I ever need to talk to this person? If the answer is yes, make sure that your relationship with them is as important to them as it is to you.' Tech industry homebuyers seek bank for discount mortgages, warm cookies Goldman Sachs and Ballast hand 82 SF apartment buildings to lender Bay Area office woes continue with Emeryville sale at 80% discount This article originally appeared on The Real Deal. Click here to read the full story. 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