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Opportunities Still 'Trump' Weakened Economy

Cynthia Ramsaran|Writer/Producer
Friday, 27 Feb 2009 | 11:47 AM ET

A deep slide in the fourth quarter GDP, lowered consumer sentiment and a continuing saga of troubled banks has not changed Ivanka Trump's outlook on potential opportunities for long-term buyers in the real estate market. Daughter of "The Donald," Trump says business can still survive and thrive even though the slowdown is felt by every industry.

Real Opportunities in Real Estate

Ivanka Trump: Not Enough Buyers for Real Estate
The lack of ability to finance real estate opportunities is curtailing the industry from growing, says Ivanka Trump, The Trump Organization executive VP development/acquisitions

"I think there are tremendous opportunities. The question is ,can somebody afford to step into the position and take advantage of them? There is no credit, which obviously curtails a lot of the opportunity. From a real estate acquisition perspective, should you find a deal where a bank is willing to take back financing, should you be able to come in at an equity number that still makes the deal viable, if you are a long-term holder — like we are — of real estate, there are some real opportunities."

— Ivanka Trump, The Trump Organization executive VP development/acquisitions

Executive Pay Caps Not an Incentive

Economic Recovery Plan Won't Fix Economy
The economic recovery plan won't make a significant impact and the government can't spend its way out of this recession, says Ivanka Trump, The Trump Organization executive VP development/acquisitions

"Lessons obviously have been learned. We are all in a period of extreme pain. A lot of those CEOs cease to exist at the helm of their companies. But to penalize people arguably coming to a thankless job in such a climate by saying that there really is no upside for them is not exactly a great incentive for some of these more entrepreneurial guys to come into this situation. Quite frankly those guys will go elsewhere and take advantage of opportunities."

— Ivanka Trump, The Trump Organization executive VP development/acquisitions

Lower Than Expected GDP and Business

Real Estate Slump
It's difficult for builders to get loans over $50M, says Ivanka Trump, The Trump Organization executive VP development/acquisitions

"Look it’s scary. It’s below expectations but not below my expectations. Being in so many different industries — whether it be entertainment with "The Apprentice," retail with my jewelry store, the hotel business, real estate, condominium, commercial — we feel it. Everyone feels it. Ultimately out of this time there will be opportunities eventually. Currently, everyone has to shore up their resources and really buckle down to weather the storm."

— Ivanka Trump, The Trump Organization executive VP development/acquisitions

For more on the economic slowdown: