Ad Feature PUBLISHED: 09:56 05 May 2018 | UPDATED: 10:03 05 May 2018 How can private landlords move forward and not sell up? Mike White, from Martin & Co has an idea. Pic: www.gettyimages.co.uk Mike White of Martin & Co discusses whether private landlords should come together in a bid to avoid relinquishing their properties Mike White, lettings agent at Martin & Co, Norwich.; Photo: Simon Finlay www.edp24.co.uk My last column in April highlighted the ‘Good News’ that abounds for private landlords. I did touch on the difficulties that a proportion of landlords are facing given the relentless squeezing of the sector by HM government and concluded, for those affected, selling their asset was likely the only option. However, this has been bugging me; essentially, my role as a letting agent and property manager entails managing our clients’ risks and finding solutions to problems. So, saying, ‘Just Give Up’ goes against the grain and … [Read more...] about Could private landlords club together as an alternative to selling up?
Real estate investor clubs
In an industry where power and influence are measured in dollars and cents, this may be the most exclusive club in finance: The price of admission is at least $25 million.It has no name and no board of directors but has a roster drawn from the world’s wealthiest and most successful traders. Members essentially become their own one-person firms, even firms within firms, by gaining a seal of approval to deal in the complex products typically reserved for institutions that manage hundreds of billions of dollars. And all without drawing the attention of Wall Street’s everyday millionaires.Their ranks are getting more selective. While no one keeps count, people in the industry guesstimate that the total peaked at no more than 3,000 a decade ago and has shrunk considerably since the financial crisis. Months of interviews have yielded the identities of just 12 individuals who held the prize: an ISDA master agreement.They have included hedge fund titans Chris Rokos and Michael … [Read more...] about Inside the World’s Most Elite (and Secret) Traders’ Club
Real estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to Census Bureau data, was only getting hotter. So when the co-founders of real estate investment company Origin Investments spotted an opportunity last year to purchase a 125-unit apartment complex, they jumped on it. The property’s location, in Virginia-Highland, an affluent Atlanta neighborhood that’s home to organic shops, cocktail bars, and an indie film theater, was great. Yet Episcope and Scherer had a problem. They reckoned it would take about $19 million in equity to buy the building and an adjacent undeveloped lot, but they wanted to invest only $12 million. Their solution was somewhat novel: Instead of bringing in a partner, Origin brought in dozens of them. Origin emailed hundreds of investors with an offer to invest in the complex. Twenty-four hours … [Read more...] about The New Way to Invest in Real Estate Starts With Emailing Rich People
Berlin, Part III As Berlin’s socialist roots clash with its capitalist present, one city official is snapping up apartment buildings before investors can in hopes of preserving the social mix. Part three of a series on Berlin’s attempt to urbanize without gentrification. Published on April 11, 2018 9:44 am “You sold the whole city,” reads a small sign in German posted in the window of a convenience store in Prenzlauer Berg, as hordes of tourists pass by on their way to the Mauerpark flea market. The illegal underground clubs and abandoned apartment buildings of lore are now more urban legend than urban reality, sirens of a bygone time that keep luring the young, broke and sexy to the capital. After reunification, the formerly communist East Berlin was practically abandoned as long-time residents fled over the Wall for greener pastures. The divide between haves and have-nots in the new, reunified Berlin became cruelly apparent. Under the communist … [Read more...] about Berlin’s real-estate Robin Hood
Techies tapping away on laptops in an urban-chic brick building that once overlooked the Berlin Wall are proving a bigger lure for real estate investors than London bankers fleeing Brexit.Young creatives like those at the Factory -- a working space for staff from ride-hailing provider Uber Technologies Inc., audio-sharing platform SoundCloud Ltd. and customer-service software firm Zendesk Inc. -- are vying with bureaucrats and lobbyists for offices in the German capital. With vacancy rates almost non-existent, Berlin has surpassed Frankfurt as the country’s hottest market.Last year, investors spent more on commercial real estate in the city than anywhere else in Germany, overtaking the financial center of Frankfurt. The surging demand has caused the purchase price for office space in Berlin to almost triple to 5,200 euros ($6,400) a square meter in the last five years, cementing the city’s turnaround from a backwater of abandoned buildings to one of Europe’s most … [Read more...] about Investors Are More Interested in Berlin’s Tech Scene Than Frankurt’s Brexit Imports