X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There’s plenty of talk about the pent-up demand for distressed commercial assets, though few deals are trading. But the one place where there’s action-and a lot more expected-is at the Federal Deposit Insurance Corp. So far this year, about 100 banks have failed and their assets have reverted to the agency’s books. The FDIC has been steadily divesting those holdings through various means and deal structures. In its largest transaction to date, the agency agreed to sell a 40% stake in a group of Corus Bank’s troubled loans for $4.5 billion to a venture led by Starwood Capital Group last month.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.