Tag: Lehman Brothers
Good-bye Archstone, hello mega-REITs
Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors...
Equity Residential vies for Archstone, again
Archstone is a private company which owns, operates and develops multifamily apartment properties. It was owned by a consortium of financial institutions including Bank...
Lehman seeks financing for Archstone counterbid
Lehman, which owns 47 percent of Archstone, is in discussions with investors including Blackstone Group LP and Brookfield Asset Management Inc. to arrange financing,...
Archstone owners decide to sell their stakes
Unable to reach a consensus with Lehman on a plan to sell the entire company, the two banks are now trying to sell their...
The Great Recession began with great deception
A new term describing how Lehman converted securities and other assets into cash has entered the financial vocabulary: "Repo 105." While Lehman's huge indebtedness and...
