Megadeals Early to the Recovery Party This Cycle
Thursday, March 03, 2011
Source: Globe St
Globe St reports: In a recent interview with Globe St reporter Paul Bubny, Real Capital Analytics Managing Director Dan Fasulo spoke of the deluge of recent commercial real estate megadeals that have occurred in the past few months. These include both mergers, including Ventas’ $7.4 billion takeover of Nationwide Health Properties and AMB Property Corp’s merger with Prologis, as well as property megadeals such as Blackstone Group’s recent $9.4 billion offer for 588 of Centro Properties Group’s US malls.
Of these aggressive deals, Mr Fasulo stated that, “It’s pretty rare to see these types of deals this early in the cycle. We’re only at the beginning of a recovery. Usually, you see the $10-billion deals at the end of an up cycle.” He made clear that they are “…a great signal of how much liquidity exists on both the equity and debt sides to allow these transactions to take place.”
For more on Mr Fasulo’s thoughts regarding the importance and future of these market-changing megadeals, please see his full interview on Globe St’s site.
View the full article on Globe St: Megadeals Early to the Recovery Party This Cycle
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Posted by: Nina Turner