NEW YORK CITY-Trust nothing and verify everything, experts advised potential investors in distressed assets during a panel discussion Tuesday.
By Paul Bubny|June 15, 2010 at 04:25 PM
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NEW YORK CITY-Bruce Stern, principal of Red River Asset Management, has four rules that he believes any real estate transaction must follow: don’t lose money, don’t lose money, don’t lose money and make money. Since a fair number of deals at the market’s peak failed to adhere to those watchwords, there’s enough interest in distressed assets to drive multiple conferences and panel discussions, including the one in which Stern participated Tuesday.
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