Investor Patrick Carroll expects high interest rates, record maturities to create “perfect storm”
Last week, apartment developer Patrick Carroll launched a venture to provide rescue capital to apartment owners across the Sun Belt. The platform plans to invest $250 million in equity to troubled borrowers.
Carroll is not alone. As rising interest rates and a record amount of debt put more real estate owners at risk, a growing number of players are preparing to feast on distressed assets...
Carroll is not alone. As rising interest rates and a record amount of debt put more real estate owners at risk, a growing number of players are preparing to feast on distressed assets...
RSK: Unfortunately this is the case...especially in the office market. But it is also a time for opportunity for investors who are sitting on cash. The ying and yang of it all.
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- - Volume: 10 - WEEK: 47 Date: 11/15/2022 10:31:14 AM -