The Pandemic accelerated the mess.
These “valuations” are crucial to metrics of REITs and property mutual funds, including net asset value (NAV), amid concerns about conflicts of interest.
The massive and once-again extended Pandemic-era furlough programs serve their purpose, but…
Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.
They didn’t get bailed out by taxpayers. But in a radical experiment these days, investors got to eat the losses, as they should.
Regus’ U.S. subsidiary, RGN Holdings, has already filed for Chapter 11 bankruptcy.
American Bar Association, Mexican business lobby, ambassadors from the US, Canada, etc. in uproar over holding executives accountable and threatening them with criminal probes. 70 Mexican officials also investigated.
Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.
With impeccable timing.