NEW YORK CITY-When GlobeSt.com caught up with developmentveteran Dan Hollander in early 2010, he had justlaunched Daniel Hollander & Associates, aconsultancy that emphasized strategic advisory and real estateinvestment, among other areas. And Hollander himself emphasized theopportunities he saw in distressed assets. "The kinds of projectsI’ve been focusing on have been development deals that are indistress in one form or another," Hollander told GlobeSt.com atthat time. "These projects are coming into the marketplace soonerthan many others."

Fast forward to late 2012, and things are different. Hollanderrecently launched a new company focused on development andinvestment, DHA Capital LLC. Instead of distressin the multifamily sector, the former senior managing director atClarett Partners says he’s seeing sellers bychoice and opportunities for development or redevelopment.Hollander himself developed or acquired more than two millionsquare feet of residential and mixed-use properties while atClarett.

“Very few of the properties I’m seeing now are what you’dproperly term distress,” he tells GlobeSt.com. “Over the past yearor 18 months, I’ve seen a lot of voluntary selling, and marketprices have recovered pretty well.”