While we are still early in the pandemic-triggered recession, some investors are already seeing the distressed asset investment opportunities—and BH Properties is among them. The investor is expecting a wave of bankruptcies and defaults, and is launching a $200 million debtor-in-possession platform to act on those opportunities in the coming months.

“We’ve already seen a number of high profile bankruptcies and we’re only four months from some of the first shutdowns,” Andrew Van Tuyle, senior managing director at BH Properties, tells GlobeSt.com. “For many of these companies bankruptcy was inevitable; the pandemic just accelerated the process.  However, there are still a number of foreclosure and eviction restrictions in place as well as government subsidies that will eventually expire and likely cause a new wave of defaults, evictions and foreclosures.  Many tenants won’t be able to survive the prolonged lack of revenue, and we don’t know what commerce will look like post-pandemic.  We are expecting to see lots of bankruptcies on both the tenant and landlord side for quite a while.”

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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. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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