(To read more on the debt and equity markets, click here.)
DALLAS-With M&A handoffs wreaking havoc in many CBDs, Dallasis stacking up as one of the hardest hit in the fast-paced buying,divvying and flipping craze that's become an inevitable part ofWall Street's high-priced trades.
More than $80 billion of market cap or enterprise value has beenlost in the past two years to privatizations, liquidations ormergers, according to a Deloitte & Touche USA LLP panel thatanalyzed the mayhem that's beset the industry. "There does notappear to be any cooling off in the near term for REIT M&As asthere has been no drop-off in investment demand for the commercialmortgage-backed securities that are used to finance most REITacquisitions," says Mark Diamond, a partner in Atlanta for the NewYork City-based Deloitte.
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