In many ways, managing a property for a real estate fund is just like managing property for any other owner. The real estate fund manager needs to have a clear understanding of the fund's goals and objectives for the property and its ability to provide cash for the property's operations, planned renovations or correction of deferred maintenance. Allocating funding for tenant improvement costs or leasing commission expenses is essential as is having an exit strategy for the property. The fund manager serves as the general partner or managing member of the fund and makes all investment decisions on its behalf. Understanding how real estate funds are structured and how they seek to execute their investment strategies for their investors can help the real estate manager provide excellent se...
... the real estate manager provide excellent service for the real estate fund and win addi ? tional bus...
ATHENS, Greece - Moody's Investors Service slashed Greece's credit rating to junk status on Monday in a new blow to the debt- ridden country that is under intense international scrutiny after narrowly avoiding default last month. A Moody's statement said it was cutting Greece's government bond ratings by four notches to Ba1 from A3, with a stable outlook for the next 12-18 months. It was the second of the three major agencies to accord Greek bonds junk status. Standard & Poor's did the same in late April.
With signs multiplying that debt-reduction talks between the White House and Congress are at an impasse, Wall Street credit agencies are stepping up their warnings that even a temporary delay in making payment on the government's $14.3 trillion of debt will result in a significant cut in the nation's perfect credit rating. In unusually frank statements about the consequences of congressional inaction last week, Moody's Investors Service said it anticipates a cut from AAA to AA if the impasse leads to even a brief suspension of debt payments after the Treasury effectively reaches its borrowing limit Aug. 2. And Standard & Poor's warned that it would go further and plunge the U.S. rating to the lowest possible rung - a "D" for default.
SPRINGFIELD -- The Wittenberg University and Springfield communities were surprised May 27 when Wittenberg President Mark Erickson -- praised for having advanced town-gown relations -- announced he would leave after this school year. Few took notice, however, of the June 24 news that Moody's Investors Service had dropped Wittenberg's bond rating two notches to the Baa2 or "junk bond" level.
A diversified local economy, favorable debt position and thriving energy sector helped convince Moody's Investors Service to boost its Aa2 credit rating of Oklahoma City to a top Aa1, City Manager Jim Couch said Tuesday. The rate improvement was revealed on the issuance of a $72 million general obligation bond issue, the last in a series voters approved in 2000 to finance projects including the construction of streets, bridges, libraries, parks and police facilities.
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