Entries by jimflaherty

Standards Update

The MISMO rent roll and operating statement committee which I co-chair finished its work on the XML schema today (thanks to all committee members!). The schema we propose is capable of handling all common data templates for both Rent Rolls and Operating Statements. The schema will be made public around the first of the year […]

Thanksgiving 2009

I spent Thanksgiving in New York City this year with my family. My kids had never been to NYC so we sampled some of the great things The City has to offer including the Empire State Building, the Statue of Liberty, the museums and the Macy’s Thanksgiving Day Parade. A week like that certainly makes […]

Busy week: Checking in

It has been a busy week around here: ULI Conference, Leads Release, MISMO Progress, preparing for the Backshop User conference and listening to Julian Marley. As an aside: The asset highlighted in the Asset Summary Report – CVS Holliston Mass. (PDF) is a property my brother and Dad own that has CMBS debt on it. It’s interesting […]

Movement

The buzz is starting on the shape government reform will take. Looks like the brunt of the regulation/changes will take place at the rating agency level through increased disclosure legislation. The start of this move was the SEC announcement that all rating agencies will get all deal info. Two more developments between the rating agencies […]

SEC Ruling a Victory for Transparency

The SEC announced new rules a few weeks ago regarding structured finance and securitization. One rule was covered extensively in the press and has been criticized as more “extend and pretend.” The other, which was not as well covered, is a huge victory for those of us seeking more CMBS transparency. The well-covered rule granted […]

Reporting from the Dealmakers Summit

I just finished up two days attending the Dealmakers Summit sponsored by Institutional Real Estate. It was held in San Diego and featured senior players primarily from the equity side of the business — owners, pension fund advisors, brokers, and consultants. The mood was generally pessimistic, especially after hearing from the economists (CRE fundamentals would continue […]

MISMO Update

We had a very active MISMO Council of Chairs call on Tuesday. IRP 6, rent rolls in XML and transparency where all being discussed. We had a “special guest” — a master servicer who gave us perspective on the challenges of getting the standards adopted.