Lehman Brothers: possible sale of $32.6 billion of commercial properties

Lehman Brothers the collapsed US investment bank could help the U.S. commercial real-estate market according the real estate executives. There will be a string of investors waiting to pick the bones of Lehman Brothers waiting to pick up a bargain from some $32.6 billion worth of commercial properties that Lehman had of August 31 and may be prompted to sell.

Lehman filed for Chapter 11 bankruptcy protection on Monday, Chapter 11 allows a company to walk away from a lease, experts say that under US bankruptcy procedures the investments will be sold slowly and not put on the market to be sold in one fell swoop.

As investors hands will come from all sides of the markets experts say that this may help set values of similar assets and could help in the process and break the standoff between potential sellers and buyers, it could be a case of the investors saying if the return is good enough for them then it would be good enough for you.

Read the full article in bworldonline

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