Why is the FDIC so Bullish in Commercial Real Estate at GoldenNetworking.com Distressed Investing Conference

New York, NY, February 14, 2010 --(PR.com)-- The Federal Deposit Insurance Corp recently closed the sale of $3.05 billion of land and unfinished housing developments from troubled banks with government financing Home builder Lennar, and not necessarily at rock-bottom prices. This sale may prove an important bell-weather transaction for distressed investors looking to take advantage of the housing carnage and snap up land on the cheap. GoldenNetworking.com's Distressed Investing Leaders Forum 2010, February 26th, New York City, will examine this transaction in front of more than a hundred members of the Distressed Investing community, including business executives, professionals and entrepreneurs in private equity firms, hedge funds, financial sponsors, investment banks, limited and general partnerships, lenders, accounting and law firms, and portfolio companies.

As reported in The Wall Street Journal, "The FDIC has provided 0% financing for the deal and is taking a $365 million equity stake. Lennar is kicking in $243 million. That means Lennar could arguably afford to pay more than fair-market value given the government subsidies involved. The deal values the assets at $1.22 billion, or about 40 cents on the dollar, for a mix of land in California, Nevada and Arizona, ranging from a single house lot in an upscale Southern California neighborhood to raw land out in the desert. Without that government backing, those same assets would have likely sold for half what Lennar paid."

Distressed Investing Leaders Forum 2010 is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier networking community for businessmen, entrepreneurs, professionals and diplomats, founded by former McKinsey consultant Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour (http://www.HFTHappyHour.com), March 1st, 2010, New York City
· Hedge Funds Leaders Forum 2010, "Generating Alpha in Challenging Times" (http://www.HedgeFundsLeadersForum.com), March 18th, 2010, New York City
· Banking M&A Leaders Forum 2010, "Have Deal-Making Hit Bottom Yet?" (http://www.BankingLeadersForum.com), March 25th, 2010, Washington DC
· Venture Capital Leaders Forum 2010 (http://www.VCLeadersForum.com), April 15th, 2010, Boston, MA
· Real Estate Leaders Forum 2010 (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City
Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html).

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