From December DAI
Private Equity's Sideways Entrance
Always informing: Have you seen GlobeSt.com has added new city editions covering San Diego, Austin and Atlanta? Update your preferences to add these important market and receive weekly complimentary digests.
Whether distress commercial real estate investors realize it or not, the various companies that C-III Capital Partners LLC is acquiring represents a milestone for this part of the industry. It is easy to see why the message—that is, growth in distressed asset transactions is coming—might be lost. After all, New York City-based C-III is intent on building out a diversified, full service real estate company.
However, the bottom line for distressed asset investors is indeed that C-III and other private equity-backed funds are acquiring special servicers and their assets and bringing complementary business lines to the table while they’re at it. They reason they’re moving into this space is because they see the business, and the fees they can generate from it, as finally poised for growth.
For the full story, please click here.
Where is the market heading? Get the answers at RealShare Conferences and meet the commercial real estate elite. Check out the schedule of events.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.