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December, 29 2020, Wall Street Journal

Blumberg Joins Rush of Property Firms Raising Funds for Distressed Deals

Blumberg Capital Partners, through its American Ventures Partners division, is beginning to raise capital in anticipation of a wave of distressed commercial property buying opportunities.  There are early signs of distress in the commercial mortgage-backed securities market, as there has been a rise in delinquencies compared to the same period in the prior year. 

 

Philip Blumberg noted that this will create the best buying opportunity since 2010.  Blumberg’s new fund will target properties in low-tax and low-cost states, which will benefit from increasing demand from tenants leaving higher-cost states.

 

Please see the link below for the complete Wall Street Journal Article:

Blumberg Joins Rush of Property Firms Raising Funds for Distressed Deals - WSJ

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