Underwriting Bedbugs - 10.19.2010
Over the weekend my wife and I went to the movies to see “The Social Network,” the incredible story about the birth of Facebook. I told a friend about the movie, and he reported that he and his wife will no longer go to the theatre for fear that they will pick-up bedbugs! Apparently movie theatres in Times Square have been closed to deal with the problem. Manhattan is in a frenzy over these critters, and it is the talk of the town. It made me reflect on the assessment of risk, and how the “bedbug factor” may very well impact the underwriting of hotel investments, movie theatres, apartments, and anywhere else that bed bugs may be lurking. It may seem outlandish, but as we worry about everything else today, infestation is probably now on a smart analysts due diligence checklist. Oh, and by the way, sleep tight, and don’t let the bedbugs bite!

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities LOCATE A JOB

SPONSORED
THE PALMER TEAM
Capital Markets Partner
(SACRAMENTO) The capital markets partner will be responsible for underwriting, marketing, structuring debt and equity and the management of client relationships; among other duties.

COHEN FINANCIAL
Senior Analyst
(CHICAGO) The senior analyst will read and analyze financial statements of various types; create, analyze, and audit various types of cash flow models; understand physical characteristics of properties, and the related competitive advantages and disadvantages; investigate, analyze and communicate micro- and macro-level location attributes of projects in consideration; among other duties.

CORPORATE OFFICE PROPERTIES TRUST
Vice President and Associate General Counsel
(COLUMBIA, MD) The VP and associate General Counsel will negotiate core documents skillfully and work inter-departmentally, for acquisition and dispositions; identify solutions in light of satisfying key hurdles or requirements to facilitate a smooth process or resolution of an issue for development projects; and for financings, work inter-departmentally with a keen recognition of potentially volatile financing markets to achieve smooth and successful closings; among other duties.

RED STONE PARTNERS
Managing Director
(NEW YORK CITY) The managing director will be responsible for launching and managing a team to originate, structure and securitize Red Stone’s conventional multi-family financing business; among other duties.

MACK-CALI REALY CORP.
Property Manager
(PISCATAWAY, NJ) The property manager will prepare and manage an annual operating budget; supervise all property operations in conjunction with the approved budget; prepare monthly variance reports; and recommend and supervise capital improvement projects; among other duties.

LOWE ENTERPRISES, INC.
Vice President – Institutional Investor Marketing – LEI
(LOS ANGELES) The VP will be responsible for developing relationships with and marketing LEI investment services to institutional investors. Working with the CEOs, the VP Marketing will have front line responsibility for calling on and developing business with institutional investor clients; among other duties.

HEALTHCARE REALTY TRUST
Director of Leasing
(NASHVILLE) The director of leasing will be responsible for all leasing and renewal activity for a portfolio of medical office properties in Tennessee, Michigan, and Alabama. The director of leasing is charged with increasing revenue, supervising leasing personnel and outside brokers and developing strong leasing teams; among other duties.

SELECTLEADERS
Senior Executive, Venue Development
(NEW YORK CITY) The senior executive, venue development will be responsible for the full cycle development of new business initiatives and venue development on a national scale; among other duties.

Promotions SUBMIT A PROMOTION

No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

By Brian A. Lee | June 11, 2024

Catastrophic weather events are causing increased premiums and reduced coverage options, putting pressure on building owners and real estate managers to hone their property and risk management plans.

How CRE Can Rise to the Challenge of Escalating Insurance Premiums

By Holly Amaya | June 06, 2024

Proptech isn't just a flash in the pan – and retail owners are finally coming around.

What Retail Property Owners Should Know about Proptech

By Holly Amaya | June 05, 2024

With cap rates stabilizing, investors are stepping into the ring, W. P. Carey's Michael Fitzgerald tells GlobeSt.

'We're Bullish On Net Lease Retail': Why One CRE Firm Is Doubling Down On The Asset Class
Migration Hotspots in a Cool 2024 Market link

White Paper

Sponsored by Placer Labs Inc.

Discover the latest insights on domestic migration trends in 2024 with this comprehensive white paper. Uncover the changing patterns and emerging hotspots shaping the CRE landscape today and what it means for you.

Real Estate Administration - 10 Ways To Save link

On-Demand Webinar

Sponsored by LeaseAccelerator

Discover how to optimize your real estate portfolio through ten actionable strategies that can help you achieve significant cost savings.

Cracking the Renters Insurance Conundrum link

White Paper

Sponsored by TheGuarantors

Multifamily owners and operators are seeing rising expenses squeezing margins, making it essential to identify new revenue streams and cut unnecessary costs. Learn how to crack the renters insurance conundrum with solutions tailored to your goals, allowing you to mitigate risk, streamline operations, and uncover new ancillary revenue opportunities.