Efficient real estate market

UOl/Economia 03-01-2017, por Prashant Gopal

http://economia.uol.com.br/noticias/bloomberg/2017/01/03/para-maximizar-lucro-wall-sreet-lidera-ordens-de-despejo.htm 

Para maximizar lucros, Wall Sreet lidera ordens de despejo

Imagem: Internet

(..) Hedge funds, grandes firmas de investimento e empresas de private equity ajudaram na recuperação do mercado imobiliário americano depois da crise de 2008, alugando residências desocupadas depois dos despejos por inadimplência no pagamento de hipotecas.

Agora entre os maiores proprietários de imóveis dos EUA, algumas dessas empresas estão deixando muitos inquilinos no sereno. Em um negócio há muito tempo dominado por pequenos proprietários, investidores de grande escala estão deslocando as conversas de cobrança dos centros de atendimento para as salas dos tribunais, em uma tentativa de maximizar os lucros.

(..) Já a Colony Starwood Homes entrou com pedidos de despejo para um terço de suas propriedades, a maior taxa entre as grandes imobiliárias do país. Tom Barrack, presidente do conselho do Comitê da Posse Presidencial de Donald Trump, e a empresa fundada por ele, a Colony Capital, são os maiores acionistas da Colony Starwood, que também não comentaram o assunto.

2017-01-07

Bens públicos, negócios privados

Deu no NY Times online

24-12-2016, por Danielle Ivory, Ben Protess e Griff Palmer

http://www.nytimes.com/2016/12/24/business/dealbook/private-equity-water.html?_r=0

In American Towns, Private Profits From Public Works

Imagem: Sabesp
http://site.sabesp.com.br/site/interna/Default.aspx?secaoId=47 

(..) Water rates in Bayonne have risen nearly 28 percent since Kohlberg Kravis Roberts — one of Wall Street’s most storied private equity firms — teamed up with another company to manage the city’s water system, the Times analysis shows. City officials also promised residents a four-year rate freeze that never materialized.

In one measure of residents’ distress, people are falling so far behind on their bills that the city is placing more liens against their homes, which can eventually lead to foreclosures. 

In the typical private equity water deal, higher rates help the firms earn returns of anywhere from 8 to 18 percent, more than what a regular for-profit water company may expect. And to accelerate their returns, two of the firms have applied a common strategy from the private equity playbook: quickly flipping their investment to another firm. This includes K.K.R., which is said to be shopping its 90 percent stake in the Bayonne venture, a partnership with the water company Suez. 

(..) President-elect Donald J. Trump has made the privatization of public works a centerpiece of his strategy to rebuild America’s airports, bridges, tunnels and roads. Members of his inner circle have sketched out a vision, including billions of dollars of tax credits for private investors willing to tackle big infrastructure projects. And Mr. Trump himself promised in his victory speech “to rebuild our infrastructure, which will become, by the way, second to none.”  (Continua)

Acesse a matéria completa pelo link

http://www.nytimes.com/2016/12/24/business/dealbook/private-equity-water.html?_r=0

2016-12-24