X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Distressed assets have become a common ingredient in many asset managers' portfolios. For Sansone Group, a St. Louis-based commercial real estate firm with approximately 20 million square feet of space under management, about half of new business over the past few years has involved distressed properties, says Timothy Sansone, a company principal.

“We always focus on the tenants first,” he says. “You have to stabilize the tenant base on distressed properties.” Next in line of importance is to clean up payables to vendors, landscapers, roofers and the other parties that previous owners may have neglected to pay in the months before a default and foreclosure.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.