Real estate guru buying distressed properties
Monday, March 02, 2009Advertisement
Text Size: 
James Corl, who oversaw $30 billion as chief investment officer of Cohen & Steers, is joining private equity firm Siguler Guff & Co.
“I was looking for an investor with a specialty in distress that did not have an existing real estate strategy,” Corl said. He sees more opportunity in distressed assets than equity stakes in real estate companies.
“Over the next couple years, as real estate prices are going to fall for quite some time, the action is going to be on the debt side,” Corl said. “You want to buy equity around the time prices stop falling, and I believe that’s some time off.”
Read full article...
Monday, 2 March 2009
Posts
