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News Breaks | | | | January 7, 2013 | | 08:42 EDT |  | EQR, GS | Equity Residential agrees to sell $1.5B of assets to Goldman/Greystar JV
Equity Residential (EQR) announced that the company has entered into an agreement to sell a portfolio of assets to a joint venture of the Real Estate Principal Investment Area of Goldman, Sachs & Co. (GS) and Greystar Real Estate Partners for $1.5B. The transaction values the 27 properties at approximately $187,000 per apartment unit and a capitalization rate in the mid to high 5% range. Per the agreement, Equity Residential has granted the buyer the right to exclude up to 8% of the value of these assets from their purchase. As a result, Goldman Sachs and Greystar have the contractual right to acquire all of the assets for $1.5B but are obligated to purchase not less than $1.38B of assets. The buyers have deposited $150M in escrow and have waived their due diligence contingency. The transaction is expected to be completed in two separate closings, both of which will occur in the first quarter of 2013, Equity Residential stated. | |
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News For EQR;GS From The Last 14 Days Check below for free stories on EQR;GS the last two weeks. |
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| May 15, 2013 | | 13:15 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | | 06:34 EDT |  | GS | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J | | | May 14, 2013 | | 09:01 EDT | | GS | NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs
 Subscribe for More Information | | | 08:33 EDT | | GS | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link | | | 07:59 EDT | | GS | Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports
Subscribe for More Information | | | 06:01 EDT | | GS | Goldman looking to lessen reliance on Bloomberg, NY Post reports
Subscribe for More Information | | | May 13, 2013 | | 15:04 EDT | | GS | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. | |
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