CIT also operates CIT Bank (Member FDIC), its main bank subsidiary, which, through its online bank B...

1. Commercial Real Estate on the Rise
CIT also operates CIT Bank (Member FDIC),
its main bank subsidiary, which, through its
online bank BankOnCIT.com, provides a
suite of savings options developed to
support buyers accomplish a variety of
monetary ambitions.
Founded in 1908, CIT (NYSE: CIT) is a bank
holding organization with extra than $33
billion in financing and leasing assets. "The
European banks never have equity ideal now to support even modest losses, so replacement capital
will come from U.S. for the reason that they are dwelling to gateway cities that trade with Asia and
Europe. A member of the Fortune 500, it supplies financing and leasing capital and advisory
solutions to its customers and their buyers across extra than 30 industries. "Throughout the
Excellent Recession there have been several ventures in the urban core of cities that had significant
investment in them, but were stopped mid-stream," mentioned Galligan. Furthermore, convenience
oriented strip purchasing centers in the Midwest have a tendency to hold their value since the threat
of a new supply is not terrific."
http://cit.newshq.businesswire.com/press-release/small business-unit-news/commercial-genu-
ne-estate-rise
Abundance of Distressed Industrial Buildings to Repurpose
NEW YORK--(Enterprise WIRE)--Commercial genuine estate markets on either coast are
outperforming assets in the mid-U.S. "As a result, Blackstone has turn out to be a main player in
suburban office space in the Midwest and suburban Atlanta markets."
CIT Executive Insights Series Focuses on 2013 U.S. Galligan additional discusses the opportunities
and challenges in the sector, the function of private equity firms in the market and trends to watch
in the "2013 Industrial True Estate Sector Outlook," the latest in a series of in-depth executive
Q&ampAs featured in CIT's Executive Insights series (cit.com/executiveinsights).
Constrained European Banking Industry Presents Opportunities
Multifamily Marketplace - Possibilities and Potential Challenges
"As a outcome, Blackstone has become a major player in suburban workplace space in the Midwest
and suburban Atlanta markets."
Multifamily Assets Present Opportunities Across the Sector

2. Private Equity Firms Now Main Players
Metro New York Location the Strongest Marketplace in the Country
In sharp contrast to institutional ownership in preceding years, exactly where insurance coverage
organizations and pension funds had develop into the largest acquirers of true estate in the U.S.,
private equity firms are now shopping for actual estate investment trusts (REITs) and repositioning
them into private companies. Men and women interested in getting corporate news releases can
register at cit.com/newsalerts or subscribe to the RSS feed at cit.com/rss.
There is an abundance of new projects to repurpose financially distressed commercial buildings, as
effectively as recapitalizations. "We are witnessing a adjust concerning who will offer capital," said
Galligan. "These projects generally were acquired below replacement price from the original
developer and offer extremely good lending possibilities if the new small business plan is sound."
Editor's Note
Private Equity Firms Buying REITs
Constrained European Banking Market place Presents Opportunities. "If interest prices enhance, or
as residential mortgage lending thaws, offering residence loans to initially-time buyers, it could put
stress on that asset class where capitalization rates are incredibly low," he said. (NYSE: CIT)
cit.com, a top provider of financing and advisory solutions to smaller enterprises and middle market
corporations. CIT maintains leadership positions in smaller company and middle market place
lending, factoring, retail finance, aerospace, equipment and rail leasing, and international vendor
finance. cit.com
About CIT
As the European banking market remains constrained, numerous European banks continue to
retrench. banks that have strong capital ratios and higher liquidity."
According to Galligan, there are plenty of opportunities across all markets, having said that, there's
some concern with the Class A new multifamily market place. "A wonderful instance is the
Blackstone Group's recent buy of Duke Realty's suburban workplace holdings," stated Galligan.
"There are also possibilities with Class B multifamily assets in the Midwest, where the capitalization
prices are higher and demand is very sturdy. Commercial Genuine Estate Sector Outlook
Distressed Industrial Properties Offer Opportunities
Stick to us on Twitter: @citgroup, on LinkedIn: LinkedIn.com/organization/cit, on YouTube:
YouTube.com/citgroupvideo, and on Facebook: facebook.com/citgroup. The hottest of these markets
ideal now is the New York metropolitan location, as it really is experiencing an 8-year low in the
provide of residential true estate but other national markets might provide better risk adjusted
returns, according to Matt Galligan, President of CIT Genuine Estate Finance at CIT Group Inc