"This paper will provide economic and structural reasons for the upcoming of non and sub performing real estate loans in Germany and will compare the German market to the U.S.- and other relevant NPL-markets. As German banks are currently facing the new regulations of Basel II as well as strong...

The real estate banking industry in Germany has undergone severe changes due to changes in the legal framework, consolidation processes and economic crisis. As one of the results, German banks begin to sell their portfolios of non performing real estate loans. The six relevant transactions in...

The role of opportunity funds in the German real estate investment market has increased considerably in recent years. To keep abreast of this development, the following paper proposes an investment model for opportunity funds. The model analyses opportunity funds as intermediaries between...

As German banks are currently facing the new regulations of Basel II as well as strong global competition, non and sub performing loans have risen to a subject of high interest in German banks. The German press pays high attention to the topic and the constantly growing non performing loan...

In several worldwide real estate markets, the phenomenon can be observed that in times of imbalanced market situations, together with a weak economic environment, international real estate investors with a high yield íopportunisticî strategy, foremost US or U.K. funds, enter national markets...

Unlike for other asset classes the performance of direct property has been researched only to a small extent, especially as single-property data are hardly available. This study for the first time investigates the performance of direct property in Germany based on single-property data. Aims of...

ERES:conference

The paper investigates the capital structures of North-American REITs in different market phases. First, the paper aims at finding out how different REITs alter their capital structures in different environments. Second, it will be investigated which capital structures outperform others in...

"As the discipline of real estate education comes to a stage of maturity in Germany, the providers of real estate education begin to specialize. The paper provides empirical evidence for this specialization with regard to an approach which can be described as ""transaction-based"", as it focuses...

ERES:conference