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Bloomberg Businessweek notes some promising new data from the real estate sector—catching the eyes of investment bankers like Marvin Rowe.
Zurich, Switzerland (PRWEB) December 11, 2012
For years now, economists and consumers alike have scoured the data, seeking signs that the long-flailing American real estate sector might finally be improving. Over the last few months, many real estate experts have finally begun projecting some optimism, some of them even declaring that a full recovery is under way. Now, a new report from Bloomberg Businessweek offers more evidence to suggest that the real estate markets may be improving; the report has caught the eye of Marvin Rowe, an investment banker and a veteran of the financial industry.
The report itself notes that the latest sign of optimism, suggesting that the “housing market may finally be on the upswing,” comes in the form of an announcement from Apollo Global Management. The company is preparing to take its realty brokerage arm, Realogy, public with an IPO that they hope will raise as much as $1.08 billion. Realogy encompasses many well-known real estate brands, among them Century 21, Coldwell Banker, and Sotheby’s International Realty.
“The news of the Realogy IPO warrants comment” said Marvin Rowe. Rowe currently works in Zurich, Switzerland assisting companies in raising capital in the European capital markets. Marvin Rowe responded to the Businessweek article noting that, right now, international stocks and bond markets offer excellent opportunities for companies in all industries, including real estate.
“The Frankfurt Stock Exchange bond market, for example, has been excellent this year, and interest rates are about as low as we've seen them,” says Marvin Rowe, optimistic in his economic outlook. “In fact, in only a year and a half, from April 2010 to the end of 2011, the Entry Standards segment of the Frankfurt Stock Exchange had 17 bond offerings, with a total of €649 million in capital raised. And this year, in just under 10 months, that number has already reached 11 bond offerings, and already, according to Alexander Höptner, head of markets services at the Frankfurt, ‘the pipeline looks full’ for the rest of 2012.”
Marvin Rowe takes these factors into consideration and opines that, in his estimation, there is reason for cautious optimism about the real estate sector. “We see this as very encouraging sign and we feel that bond offerings are ideal conduits for the real estate sector,” he observes.
The Realogy IPO comes on the heels of numerous other initial public offerings from within the American real estate market. Earlier this year, Trulia made its debut and rose by 41 percent within its initial day of trading.
ABOUT:
Marvin Rowe is a financial professional currently living and working in Zurich, Switzerland. His work entails assisting companies as they conduct IPOs on international stock exchanges, particularly in Europe, including assistance with both pre-IPO and IPO financing. Marvin Rowe has a wealth of hands-on experience and contacts that he has amassed during his two-decade career in investment banking, both in the United States and throughout Europe.
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