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By Scribe
The search for this thread was prompted by the big announcement that Crescent Communities is being acquired by Sumitomo Forestry America, a subsidiary of a Japanese firm.
There are many sides to this transaction:
Sumitomo Forestry America will pump more capital and is more vertically integrated now to handle future expansion and also sees huge potential in Charlotte. http://www.charlotteobserver.com/latest-news/article209961859.html in June of 2009 Crescent Resources filed for bankruptcy protection -- in June of 2010 they emerged https://www.bizjournals.com/charlotte/stories/2010/06/14/story2.html Rebranded in 2013 to Crescent Communities. Is Crescent -- being intimately acquainted with the market -- trying to cash out as this development cycle is ending? Or worse -- Crescent sees similarities to 2008 in the economy in general and is cashing out? Lets try to stick in the "market analysis" and stay away from "doom and gloom" - "sky is falling" realm.
I tried to find an existing thread for this, but the one I found is archived and not open for new posts... and it is from the "Great Recession" days.
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