CRE veteran releases book on workouts.[ILLUSTRATION OMITTED] Stuart M. Saft, a partner in Dewey & LeBoeuf's real estate practice, just released the third edition of Commercial Real Estate Workouts, providing new insight and information on the timely issue of real estate workouts. The title is published and available for purchase through West, a Thomson Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. business. First released in 1991, during one of the last major real estate downturns, Saft's book draws on over 30 years of experience to provide up-to-date information on dealing with real estate workouts in the current real estate environment. "In the current real estate recession, workouts are becoming an issue of top priority. Due to the complexity and uniqueness of each situation, a well-informed well-informed Adjective knowing a lot about a great variety of subjects or about one particular subject Adj. 1. well-informed - possessing sound knowledge; "well-informed readers" intelligent adviser is the best way to protect an asset," said Saft. "This book was written with that intention--to advise lenders and borrowers on how to best respond to a default in order to safeguard interest in the property until market conditions improve." Drawing on his experience representing lenders, developers, private equity firms and other real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. , Saft has compiled the best legal advice and information for the third edition to deal with assets in a smart, timely and successful manner. As many organizations are faced with the challenges of dealing with incomplete, unsold or foreclosed assets, Sail sail: see sailing. 1. (body, education) SAIL - Stanford Artificial Intelligence Laboratory. 2. (language) SAIL - Stanford Artificial Intelligence Language. 3. provides first-hand first-hand Adjective obtained directly from the original source Adverb 1. directly from the original source 2. knowledge and case studies to educate borrowers and lenders on a host of different workout Workout Informal repayment or loan forgiveness arrangement between a borrower and creditors. workout 1. The process of a debtor's meeting a loan commitment by satisfying altered repayment terms. options. While real estate history has seen cycles of tremendous growth and decline, investors in today's market need to act now to protect their current portfolios and assets. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion