Real estate world still fighting over Lehman assets

When Lehman Brothers collapsed, it had property holdings valued at $43 billion. Lehman’s partners, creditors and vendors are still fighting over the bank’s remaining real estate assets. Lehman plans to put some money from its $6 billion cash hoard toward real estate, including $230 million to apartment REIT Archstone-Smith, which Lehman, Barclays, Tishman Speyer and Bank of America took private in 2007. Other developers, including Swig Equities, have fought with Lehman for project funding.

Sign Up for the undefined Newsletter