Distressed Commercial Real Estate

Capitalizing on structural distress in the US commercial office sector.

Following the shift to remote work, many Class A and Class B office buildings in core urban markets are facing significant refinancing hurdles. We identify assets where the basis can be reset dramatically, allowing for profitable repositioning or alternative use conversions.

The Repositioning Strategy

• Acquiring notes at a discount to par.
• Executing deed-in-lieu transactions with cooperative sponsors.
• Physical repositioning into mixed-use or residential where zoning permits.