Sentences with phrase «tic sponsors»

It is important to note that these guidelines do not offer «safe harbor» or «guaranteed» structures for TIC investment properties, but they do provide guidance for TIC Brokers and TIC Sponsors to use in structuring and distributing (selling) TIC investment property interests.

TIC Brokers typically work with numerous TIC Sponsors and can better assist you in evaluating the various options and help you in making an educated and informed decision as to whether the TIC investment property ownership interest is right for you.

There are many TIC Brokers and TIC Sponsors that can provide you with guidance and advice regarding TIC investment property ownership interests.

Many TIC sponsors, along with individual TIC property owners, are preparing for major operational challenges in the coming year related to refinancing and tenant retention issues.

The field of TIC sponsors has already narrowed considerably.

The much wider spreads that began surfacing in the CMBS market in July have thrown TIC sponsors for a loop as they scramble to line up alternative financing sources and reprice deals.

Grubb & Ellis is one of the top TIC sponsors in the industry.

Although activity at Argus is on par with the level of activity in 2006, most securitized TIC sponsors have averaged only one to two deals year to date.

With the advent of the TIC industry, as bolstered by the Procedure, many property owners are now attempting to exchange their income and investment properties for fractional interests offered by TIC sponsors.

It is important to note that these guidelines did not offer «safe harbor» or «guaranteed» structures for TIC Investment Properties, but they did provide guidance for TIC Brokers and TIC Sponsors to use in structuring and distributing (selling) interests in TIC Investment Properties.

This limit restricts the size of TIC Investment Property transactions that can be brought to market by TIC Sponsors.

Members include Qualified Intermediaries (QIs), their primary tax and legal counsel, and affiliated industries (TIC sponsors, banks, real estate brokers, title companies, settlement / escrow agents, etc.).

«If the debt markets don't change, I would guess that by the middle of 2009 there may be only 10 legitimate TIC sponsors still functioning,» says Daniel Oschin, president of SCI Capital Group and managing director of Los Angeles - based SCI Real Estate.

TIC sponsors have long touted the demographic shift in the U.S. as one of the key drivers to industry growth.

There have been about 20 active securities - based TIC sponsors so far this year compared with 57 in 2007, according to Omni Research.

Since that capital source has dried up in the wake of the capital crunch, TIC sponsors have had to pursue new relationships with banks and life insurance companies.

«There are only a handful of TIC sponsors that are getting debt, and the rest of them can't survive,» he says.

Oak Brook, Ill. - based Inland Real Estate Exchange Corp. is one of the most prolific TIC sponsors in the industry.

The sharp decline in deal flow has created a growing divide between TIC sponsors.

«The paralysis in the capital markets has caused the decline in transaction volume in the TIC industry as it has throughout the commercial real estate industry,» says Patricia DelRosso, president of Inland Real Estate Exchange (IREX), a TIC sponsor based in Oak Brook, Ill. «Once credit starts to flow again, it will have a direct impact on boosting TIC activity.»

«There will be a significant number of CMBS loans coming due in 2009, and the ability to refinance those loans will be a big challenge,» says Duke Runnels, CEO of Fort Properties Inc., a Los Angeles - based TIC sponsor.

Not exact matches

In the last several years, many TICs have done poorly because sponsors» paid high fees when acquiring the property, used investors own principal to pay returns, overpaid for the property, or overleveraged property.

However, sponsors are forming relationships with lenders that are comfortable with underwriting TIC transactions.

The ruling could be a blow for those sponsors that sell TICs or fractional...

Sponsors that are able to draw from a broader base of real estate investment management activity will be better equipped to weather the ups and downs in the TIC industry.

Another obstacle for sponsors is that some banks and life companies are reluctant to finance TICs.

During the first quarter, the top five sponsors accounted for 55 % of the TIC offerings compared with 38 % in 2007 and 34 % in 2006, according to Omni Research.

Omni tracks data from sponsors that structure TICs as securities.

Clearly, sponsors will continue to face a number of challenges in the year ahead as they struggle to retain tenants and maintain yields at existing TIC properties, as well as put new TIC deals together that appeal to wary investors.

On one side are sponsors that sell TICs as securities, and subsequently follow Securities and Exchange Commission (SEC) rules for the marketing and sale of those securities.

Even sponsors that are successful in securing financing to buy quality properties are stymied because far fewer TIC investors are willing to commit to new deals, a stark contrast from two years ago.

On the other side are those sponsors that follow a traditional real estate model in which they package and sell TICs as fractional ownership.

Although TICs are still working hard to uncover potential deals that make economic sense, the reality is that the higher capital costs have sidelined many sponsors.

In 2008, the top 10 sponsors in the tenant - in - common (TIC) investment arena raised $ 883.7 million in equity, nearly two - thirds of all TIC capital raised.

Among firms that sell TICs as securities, 50 sponsors reportedly raised at least $ 1 million in investor equity in 2008 compared with 63 sponsors who had raised at least that amount the previous year, according to Omni.

At the end of January, there were 63 available TIC properties issued by 37 sponsors.

November 9, 2007 — San Diego, California — The U.S. Securities and Exchange Commission (SEC) has issued a proposed exemption that would authorize securitized tenant - in - common (TIC) sponsors to compensate licensed real estate professionals for involvement in TIC investment transactions.