Distress Investors Wait for Eviction Moratoriums to Expire
Although many tenants aren't paying rent and many landlords aren't paying mortgages, the floodgates haven't opened yet.
September 01, 2020 at 01:32 PM
3 minute read
By Les Shaver
In late April, Mark Foster, attorney at Snell & Wilmer in Southern California, put together a couple of distressed opportunity funds for his clients.
The clients wanted to get out in front of what they anticipated would be a lot of distress hitting the commercial real estate market.
"Everybody has a lot of dry powder, so they wanted to get in position and start buying," Foster said. "So I did a couple of distressed opportunity funds initially in late April."
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