Lehman Brothers Back From Dead With New Real Estate Operation

Before you go, we thought you'd like these...
Before you go close icon
If there is one financial firm that remains inseparable from the real estate calamity of the last two years, it's Lehman Brothers. Today's shocker? Lehman's back in business, as an aggressive player in the post-crisis commercial real estate market. Remember that Lehman filed for Chapter 11 bankruptcy on September 15, 2008, marking the largest bankruptcy -- with $600 billion in assets -- in U.S. history. The firm's failure precipitated a stock market free fall and the Great Recession. After a restructuring, Lehman fired its senior banks and relegated its portfolio to mid- and junior-level employees. Now, thanks to its deep institutional knowledge and unique bankruptcy status, the new Lehman manages $14.4 billion in real estate securities.
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Powered by Zillow

From Our Partners