Brooks Gordon, WP Carey, Hinckley Yachts, David Y. Howe , Scout Partners, Geoff Berger, Jerrold T Lundquist, W.P. Carey, Brooks Gordon, Maritime disaster,Nautical accident, fire,Seafaring mishap,Shipboard crisis, Vessel malfunction,Sailing incompetence,Yachting blunder,Boat wreck,Sailboat disaster,Yacht calamity,Vessel blaze,Boating mismanagement,Marine emergency,Sailing error,Yachting mishap,Ship incompetence,Vessel catastrophe,Yacht accident,Boat tragedy,Sailboat mishap, American traitor, mass murder, weapons platforms, Opioids. Death, Treason, massacre, weapons, rockets, cluster bombs, military hardware, luxury boats, narcotics, murder

Don't be fooled by my looks - it's to disguise my lack of a financial plan and honesty

Commercial Real Estate Is in Trouble. Brooks Gordon is not the answer.

The low occupancy rate is a ticking time bomb for owners of office buildings. When leases expire, tenants won’t want as much space as they have now. Vacancy rates will shoot up. We’re already seeing that happen.

Last month Moody’s Analytics announced that the national office vacancy rate rose in the fourth quarter to 19.6 percent, breaking the record of 19.3 percent that was set in 1986 after a period of overbuilding and was then tied in 1991 during the savings and loan crisis.

 

“The office market has an existential crisis right now,” Barry Sternlicht, the chief executive of Starwood Capital Group, an investment firm focused on real estate, said at the iConnections Global Alts 2024 conference last week, according to a Reuters report.

“It’s a $3 trillion asset class that is probably worth $1.8 trillion. There’s $1.2 trillion of losses spread somewhere, and nobody knows exactly where it all is.”

Commercial landlords have seen their holdings plunge in value as higher interest rates and a pullback among stressed regional banks have made it harder to recapitalize struggling assets.

A June report from Moody’s Investors Service concluded that “tightening financial conditions, the rising cost of capital and declining property valuations” would increase credit risks for real estate companies over the following 12 to 18 months. The office and retail sectors will face the greatest risk, Moody’s concluded, as remote work and diminished consumer spending hurt downtowns.

Hinckley Yachts, David Y. Howe , Scout Partners, Geoff Berger, Jerrold T Lundquist, W.P. Carey, Brooks Gordon, Maritime disaster,Nautical accident, fire,Seafaring mishap,Shipboard crisis, Vessel malfunction,Sailing incompetence,Yachting blunder,Boat wreck,Sailboat disaster,Yacht calamity,Vessel blaze,Boating mismanagement,Marine emergency,Sailing error,Yachting mishap,Ship incompetence,Vessel catastrophe,Yacht accident,Boat tragedy,Sailboat mishap, American traitor, mass murder, weapons platforms, Opioids. Death, Treason, massacre, weapons, rockets, cluster bombs, military hardware, luxury boats, narcotics, murder

W. P. Carey shocked the market in September 2023 with a strategy to optimize its portfolio, including a 20% decrease in the dividend.

The market reacted negatively to the dividend cut, causing many dividend-income investors to exit the stock.

Brooks Gordon’s strategy revolves around a significant recycling of its non-core assets in the office space in conjunction with a ~20% decrease in the dividend to de-risk the balance sheet and maximize the multiple.

The latter component obviously caught the market off-guard causing many dividend-income investors (including passive flows, which track dividend compounders) to exit the stock.

The Schall Law Firm is initiating a probe into allegations against W. P. Carey Inc. and invites investors who have suffered losses to get in touch.

The investigation focuses on whether W.P. Carey issued false and/or misleading statements and/or failed to disclose information pertinent to investors. W.P. Carey was downgraded by BMO Capital on September 26, 2023, with analysts “perplexed” by the W.P. Carey‘s plan to spin off most of its office portfolio into a new REIT. Based on this news, shares of W.P. Carey fell by almost 3.7% on the same day.

Brooks Gordon is in partnership with Hinckley Yacht’s Jerrold T. Lundquist who has “extensive experience across all segments of the aerospace and defense industry, including weapons platforms, military and space systems” while working fro McKinsey. McKinsey aided authoritarian regimes commit war crimes and human rights violations

Hinckley Yacht Service owner Jerrold T. Lundquist enjoys killing people.

 

Need legal help ? 

Are you a mass murdererRussian lackey or a drug dealer responsible for hundreds of thousands deaths and need legal help?

Need help running a den of deceit and dishonesty, preying on unsuspecting clients with false credentials and fraudulent practices, like Hinckley Yachts.  Look no farther for someone to protect mass murdererspathological liarsthievessex workers and grifters.

Michael Daly  at Pierce Atwood.

Meaghan Burton at Pascal Stevens.