Rick Chance, Head of KPMG Corporate Finance's Special Situations Advisory Group, byline featured in abfjournal

March 14, 2008

In the March 2008 issue of abfjournal, Rick Chance, Managing Director and Head of the Special Situations Advisory Group at KPMG Corporate Finance, wrote the article "Today's Pioneer Real Estate Investors: Opportunities Are Riding on the Winds of Danger"  Read More.

Excerpts:
To survive and prosper in what may become the most severe real estate recession since the great depression, lenders, investors, developers, homebuilders and their respective financial and legal advisers will need to marshal their collective talents to devise creative investment strategies that exploit opportunities while mitigating the many financial perils facing the industry.

For consumers with spotty credit or corporations with overleveraged balance sheets, lower interest rates and liquidity injections by the Fed have not yet coerced lenders to loosen their purse strings.

Given the chaos in the current real estate market, almost any creative deal structure will need to be considered in order to clsoe deals that will inevitably involve multiple parties "sharing the pain."

About KPMG Corporate Finance LLC

KPMG Corporate Finance LLC is a leading financial adviser serving domestic and international clients. KPMG Corporate Finance offers a full suite of investment banking and advisory services and the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance and other advisory initiatives. Operating in 51 countries, KPMG's Corporate Finance practice comprises more than 1,800 professionals who are able to meet the needs of KPMG's firms’ clients across the globe. In 2007, as a leading financial adviser, KPMG's Corporate Finance practice completed 450 deals totaling US$27.5 billion, according to Thomson Financial’s global M&A league tables.