This Time the Distress Buying Opportunities Will Be Different
One company that sent up a fund in 2018 sees different pockets of problems than what it initially expected.
April 22, 2020 | Les Shaver | GlobeSt.com
When Gregory Freedman, co-founder of real estate investment firm BH3, put together its distressed debt fund in late 2018, the world looked a lot different. The firm was expecting the usual end of cycle buying opportunities in its backyard of New York City.
The management team at BH3 thought the next downturn could resemble the 2008 recession. Though it would be less severe, it could provide similar opportunities to allocate capital.
“In 2018, people might be thinking it may be a repeat of 2008 when the borrowers just stopped paying,” Freedman says.
