luxury home development: Distressed Asset Funds Continue to Emerge
- 04/05/08 04:02 AM
While many ask, "Have we reached the bottom in the current national decline in residential real estate pricing", the answer may very well be supported by the developing momentum in distressed asset funds that continue to draw significant investment interest. Much of the investment in these funds is driven by European dollars - from a European investor's perspective, the US is offering a "once in a lifetime sale" with the combination of a historically low dollar, and a rare national decline in real estate values. In the North Atlanta area, there are several funds that have been raised by some of the larger real estate developers, both from an opportunisitic play on the … (4 comments)
While many ask, "Have we reached the bottom in the current national decline in residential real estate pricing", the answer may very well be supported by the developing momentum in distressed asset funds that continue to draw significant investment interest. Much of the investment in these funds is driven by European dollars - from a European investor's perspective, the US is offering a "once in a lifetime sale" with the combination of a historically low dollar, and a rare national decline in real estate values.;)
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