Q&A with Ronald Dickerman
How did you get your start in the business? Ronald Dickerman: I’m originally from Boston. and my father was in real estate, focused on old-fashioned value creation—buying fixer-uppers, putting in the work and financing against the equity buildup My family’s company owned a portfolio of apartment buildings and shopping centers in the Boston area Growing
Madison International Foresees Steady Investment Pace
Madison International Realty, a New York-based investment company that focuses on acquiring partial interests and capital partner substitutions, is expecting a steady stream of opportunities in 2013. In today’s market, valuations seem to have recovered but rental rates have not yet reached the high watermark of 2006 and 2007 due to a stagnating economy, according
By Taking a Minority Cut in Trophy Assets, Madison Provides an Exit Strategy for Antsy Investors
As we prep for 2013, the watchword remains “caution,” even as the economy (and therefore commercial real estate) travels its sluggish path to recovery. This year’s Emerging Trends, the annual opus of ULI and PwC, said it best: “As investors tentatively advance further along the risk spectrum in 2013 chasing yield, they suffer queasiness about
Opportunistic Buyers Home in on German Distress Calls
Germany is a favourite market for opportunistic investors, which have set aside a defined pool of capital for investments in distressed property there. As Phillip Burs, chief executive of Corestate Capital, says: “When it comes to a stressed or distressed deal, you want that to be in a stable, robust economy and Germany is one
Splitting Up Ownership to Ride Out a Rough Spot
It is not obvious from the names on the deeds, but 655 Madison Avenue. the Backer Building at 136 Madison Avenue and 304 Fast 45th Street in Manhattan share a new owner. All three office buildings still belong to the joint ventures that have owned them for years, but in January a real estate private
Madison International Is Not a Traditional Secondaries Firm
The Madison way Madison International Realty is not a traditional secondaries firm in that it buys direct interests in buildings rather than fund interests. In an interview with PERE, president and founder Ronald Dickerman explains the latest trends helping his business Madison International Realty, a New York-based firm with offices in Frankfurt and London, is