Hollander: Apartment Sector Loses the Distress

NEW YORK CITY-When GlobeSt.com caught up with development veteran Dan Hollander in early 2010, he had just launched Daniel Hollander & Associates, a consultancy that emphasized strategic advisory and real estate investment, among other areas. And Hollander himself emphasized the opportunities he saw in distressed assets. “The kinds of projects I’ve been focusing on have been development deals that are in distress in one form or another,” Hollander told GlobeSt.com at that time. “These projects are coming into the marketplace sooner than many others.”

Fast forward to late 2012, and things are different. Hollander recently launched a new company focused on development and investment, DHA Capital LLC. Instead of distress in the multifamily sector, the former senior managing director at Clarett Partners says he’s seeing sellers by choice and opportunities for development or redevelopment. Hollander himself developed or acquired more than two million square feet of residential and mixed-use properties while at Clarett.