Broadshore CapitalPartners is expanding its debt program with the additionof a special situations debt group. Donald Sheetswill serve as managing director of the new group, joining the firmfrom Clarion Partners. The new group will manage amix of performing, sub-performing and non-performing commercialmortgage debt acquired from banks, insurance companies, governmentagencies and special servicers.

"Broadshore has been active originating high-yield debt as partof our existing debt strategy and want to broaden ouractivity.  Adding the special situations debt group teamwill accelerate our growth and diversify the asset classes withinour existing program," Bleecker P. Seaman, co-CEOof Broadshore Capital Partners, tells GlobeSt.com. "The SSDGstrategy of buying performing, sub-performing and non-performingdebt at a discount complements our existing originationsbusiness.  The timing is particularly advantageous as thisopportunity set should increase in the event of a marketslowdown."

James Pomeranz and KevinPertsovsky will join Sheets in leading the new group. "Theteam has deep experience with the strategy; the two senior partnershave worked together for upwards of 10 years in this space withboth having over 20 years of direct real estate experience," saysSeaman. "They bring a client mandate, which also is an existinginvestor with Broadshore, providing synergy with the existing debtteams.  It also allows the SSDG group to hit the groundrunning. The team is based in New York and will remain asBroadshore establishes an office in this key market to support boththe SSDG business and our broader investment activities."