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Los Angeles skylineBH Properties plans to revive its distressed loan strategy. The market dislocation has created opportunity to acquire distressed loans, particularly for assets suffering from severe rent loss.

“We have successfully worked in this space in previous cycles where we were able to acquire both debt and distressed portfolios,” Jim Brooks, president of BH Properties, tells GlobeSt.com. “Prior to COVID, we had witnessed changes in the retailing landscape, which had been showing signs of stress as shopping habits had been impacted by on-line shopping creating a surplus of retail space creating opportunities for acquiring and re-purposing retail real estate. The impact of COVID has accelerated that stress with many landlords and owners looking to raise cash through a sale of their loans or real estate given the extra burden of many retailers failing to pay rent.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. He work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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