房地產(chǎn)相關(guān)畢業(yè)論文外文翻譯--創(chuàng)業(yè)者的轉(zhuǎn)機：房地產(chǎn)的盈利時刻-管理系統(tǒng)-文庫吧資料
2025-05-22 02:11本頁面
【正文】 aims being made。 (2) The business prospects of the issuer。s political reform act. This would impose strict controlsas opposed to simply disclosureover gifts and contributions, and would prohibit pensation contingent on any investment decision. The latter provision produced initial strong opposition from the Blackstone Group, from which it subsequently backed off. The bill still face significant opposition from trade association, which, not surprisingly, prefer the regulatory approach of plete disclosure as opposed to outright prohibition . All of this is a story that will continue to unfold, with New York being another state looking closely at the issue, but while the issue of the access is important, the issue of allocation and investment strategy are even more critical. As PCA concludes in its Memorandum: CalPERS39。s ability to resolve problems and liquidate asset。 (4 Shifting mitments from stabilized core investment to nonstabilized opportunistic investments, which now prise more than 40 percent of the current holdings in the portfolio。 (2) Recourse debt, which exposed CalPERS to risks beyond the specific assets。 1 Practitioner39。s Corner: An Interesting Time For Real Estate Has there ever been a more interesting time in real estate finance? Happier times, yes, more profitable times, definitely yes .But more interesting? The year leading up to September 2020 saw the creation of real estate finance structures of breathtaking plexity .since than time in the real estate finance industry have been involved mainly in trying to understand what went wrong, and to determine whether the collapse, was in any material way the result of flaws in these plex real estate finance structures .or was it just a function of external economic pressures and the cyclical nature of real estate .while the jury is still out. The answer seems to be that the structures did not cause the real estate recession, but through their opaque nature they may have made the recession worse, both by delaying the recognition of the underling fragility of the market and by making the problems, once recognized, even more difficult to resolve. One thing is sure: many people, whether legislators, regulators, lawyers, accountants, bankers or those who raise and consume real estate capital are now working very hard to address(1) how to resolve distressed real estate capital structures, and (2)how to improve the structures and form of delivery of real estate capital to the market in the future. Change being considered now will affect the real estate markets through the next generation. Following are a few examples. RESTORING AMERICAN FINANCIAL STABILITY ACT As l write this, the US is beginning its final debate of the RESTORING AMERICAN FINANCIAL STABILITY ACT RAFS, and appears to be building momentum for adoption in some form, which would then require reconciliation with the equivalent House version. If adopted in anything like its current form it will cut a broad swath of change across current business. Practices by providers of real estate capital of all shapes and sizes .it will give the Federal Reserve Bank new powers over financial institutions but in turn impose more congressional over sight of the Fed. 2 Lawyers recognize that often the most pelling litigation cases lead to the worst precedent: judicial overreaching in the face of egregious facts. Will that be the case with the RAFS and the resulting regulations? Will we spend the next 20 years backing away from the reforms adopted in this atmosphere of crisis? This will all play
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