The timing is right--or close to it, he adds. The bid ask spread appears to be narrowing for land sales and there are several investors on the sidelines waiting for the bottom.
Fraser Forbes was founded in 1995; over the last two years, though, it has added new components to its offering. In January 2009 it rolled out a Management Servicers Division, aimed at banks that have acquired entitled or partly developed land. Eighteen months ago it launched an Advisory Services Division--again aimed at banks and the financial sector. This division helps banks evaluate the various options available to them regarding their land assets.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
