(Save the Date: RealShareOrange County comes to the Hyatt Regency,Irvine, August 16.)
MIAMI-I’ve been writing about distressed assetsfor years--and I've witnessed some interesting strategies and evenmore interesting deals. But late, I’ve seen a string of so-called“highly distressed” assets in multifamily,industrial and office. It was the multifamily deals that really gotmy attention.
A portfolio of three multifamily assetsrecently traded in Atlanta for a total of $6.75 million. Thevalue-add multifamily portfolio offers 521 units. That’s about$13,000 a door. That’s quite a basement bargain, until you considerjust how “highly-distressed” these multifamily assets are.
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