85% Of Leaders Are White At The Finance Giants That Bankroll Commercial Real Estate

This is the third installment in Bisnow’s series examining the racial diversity of the boards and executive leadership of the biggest companies in commercial real estate. To read the introductory editor’s note for this series, click here. To read Part 1, on REITs, click here. To read Part 2, on commercial brokerages, click here.

With trillions of dollars at their disposal, the banks, life insurance companies, pension funds and private equity investors that make up the commercial real estate finance industry, perhaps more than any other, determine which communities get investment and which don’t. 

Their blockbuster deals grab headlines foretelling economic prosperity across American suburbs, towns, cities and neighborhoods — but all too often, those dollars do not flow toward communities of color. The titans of the finance industry are community kingmakers, and they are managed mostly by White men.

Out of every 20 executives at the two dozen biggest

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FINANCE IN A NUTSHELL: Skyrocketing housing market [Column] | Business

Earlier this month when the weather was just about perfect, I enjoyed walking through our neighborhood and beyond. As I strolled, I noticed For Sale signs on several properties. It crossed my mind that some or those houses probably were already sold or very close to a purchase.

In perusing a local independent realtor’s website, I was impressed by the sales activity. Almost every property featured was topped by a SOLD banner. Many, it noted, sold within two days, and several, the site noted, were purchased for more than the asking price. I had seen this closer to home, as well. A house in my neighborhood recently sold for more than 12% of asking price —on the day it listed. The house wasn’t made of gold, so what is the attraction?

In the midst of a global pandemic and national recession, demand for homes has skyrocketed. According to the HUD

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KKR Real Estate Finance Trust Inc. to Present at the Nareit REITworld 2020 Annual Conference

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Nov 16, 2020–

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Matt Salem, Chief Executive Officer and Patrick Mattson, President and Chief Operating Officer, will present at the Nareit REITworld 2020 Annual Conference on Wednesday, November 18, 2020 at 9:30 AM ET.

A live audio webcast of the presentation will be available on the Investor Center section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of

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Finance & Development, December 2011

Finance & Development, December 2011, Vol. 48, No. 4

Raghuram Rajan and Rodney Ramcharan

PDF version

podcastRajan on Fault Lines
webcast Rajan on the role of government

Clues to whether easy credit causes booms and busts in asset prices can be found in U.S. farmland prices a century ago

U.S. land prices in the early 20th century went boom and bust.

DOES easy credit inflate into asset price bubbles and hurt the rest of the economy when the bubbles pop?

Policymakers are asking these questions in light of the recent boom and bust in house prices in the United States and elsewhere. Concerned that easy bank credit may have led to the recent financial crisis, many countries are seeking to tighten lending rules to keep their banks from taking excessive risks. The idea that central banks should “lean against the wind” to resist asset price and credit booms—rather than solely manage inflation—has gained greater currency.

Indeed, policymakers in some commodity-exporting countries today are

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Apollo Commercial Real Estate Finance (NYSE:ARI) Share Prices Have Dropped 52% In The Last Three Years

For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you try your hand at stock picking, your risk returning less than the market. Unfortunately, that’s been the case for longer term Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) shareholders, since the share price is down 52% in the last three years, falling well short of the market return of around 44%. The more recent news is of little comfort, with the share price down 52% in a year.

See our latest analysis for Apollo Commercial Real Estate Finance

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During the three years that the share

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Apollo Commercial Real Estate Finance (NYSE:ARI) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Apollo Commercial Real Estate Finance (NYSE:ARI) from a strong sell rating to a sell rating in a research report sent to investors on Monday, ValuEngine reports.

Separately, Zacks Investment Research cut Apollo Commercial Real Estate Finance from a buy rating to a hold rating in a research note on Wednesday, August 5th.

Shares of ARI opened at $8.86 on Monday. Apollo Commercial Real Estate Finance has a 12-month low of $4.12 and a 12-month high of $18.95. The business’s fifty day moving average is $9.10 and its 200 day moving average is $9.00. The company has a quick ratio of 65.75, a current ratio of 65.75 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.24 billion, a P/E ratio of 38.52 and a beta of 1.16.

Apollo Commercial Real Estate Finance (NYSE:ARI) last issued its earnings results on Saturday, October 31st.

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Finance ministry warns against any more changes to foreclosure processes

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The types of cookies

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Apollo Commercial Real Estate Finance, Inc. (ARI) CEO Stuart Rothstein on Q3 2020 Results – Earnings Call Transcript

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2020 Results Conference Call October 27, 2020 10:30 AM ET

Company Participants

Stuart Rothstein – CEO

Jai Agarwal – CFO

Scott Weiner – Chief Investment Officer

Conference Call Participants

Doug Harter – Credit Suisse

Steve Delaney – JMP Securities

Jade Rahmani – KBW

Charlie Arestia – JPMorgan

Operator

I’d like to remind everyone that today’s call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our earnings press release. I’d also like to call to your attention to the customary safe harbor disclosures in our press release regarding forward-looking statements.

Today’s conference call and webcast may include forward-looking statements and projections, and we ask that you refer to our most

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Personal Finance Site HomeEgg.com Announces Major Upgrade; 4 New Intelligent Home Finance Calculators

NATICK, Mass., Oct. 27, 2020 /PRNewswire/ — Leading personal finance site HomeEgg.com today announced a major upgrade, allowing homeowners to effortlessly maximize financial outcomes from selling their home, refinancing their mortgage, making home improvement investments, and purchasing home insurance; all for free in a private and secure online environment.

“To date, HomeEgg has offered homeowners a private place to monitor key home financial metrics including home equity, home value, mortgage balances, home improvement spending and home asset value,” said Daniel O’Toole, HomeEgg’s founder and CEO. “With today’s new release, homeowners can now effortlessly leverage HomeEgg’s four new intelligent outcome calculators to find financial opportunity and relief across key home transactions.”

HomeEgg’s integrated platform architecture and data model leverages user home profile information and metrics to intelligently calculate actionable financial opportunities. Homeowners gain the personalized insights they need to build equity faster, find savings easier and navigate their homeownership

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KKR Real Estate Finance Trust Inc. Reports Third Quarter 2020 Results

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its third quarter 2020 results, which have been posted to the Investor Relations section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201026005795/en/

A conference call to discuss KREF’s financial results will be held on Tuesday, October 27, 2020 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed at http://www.kkrreit.com/investor-relations/events-and-presentations.

A replay of the live broadcast will be available on KREF’s website or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), pass code 10148123, beginning approximately two hours after the broadcast.

A slide presentation containing supplemental information has also been posted to the Investor

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