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Media Contact: Sean Healy
Healy Corporate Communications
Phone Number: +1 201-218-2039
Email: sean@healycorp.com

December, 08 2020, Multiple Media Outlets

Philip Blumberg has launched a $1 billion fund to invest in distressed commercial real estate as well as supply-chain/logistics warehousing

Philip Blumberg, managing partner at American Ventures Partners, has launched a $1 billion fund to invest in distressed commercial real estate as well as supply-chain/logistics warehousing.  Mr. Blumberg has a long history of buying distressed real estate in his previous funds. (Generating an average annual return of 17.9%, net of fees and expenses).  In 2000, Pensions and Investments and The National Council of Real Estate Investment Fiduciaries independently ranked American Ventures in their top funds.

 

Mr. Blumberg is seeking to purchase commercial properties in Sunbelt States, specifically Florida and Texas primarily due to the low-tax structure and low cost of living. The distressed loan/foreclosure market will create one of the best buying opportunities since 2010.    

 

Read The Full Articles Featured in Multiple News Outlets Here:

 

Marketwatch:  

https://www.marketwatch.com/press-release/renowned-commercial-real-estate-investor-sees-2021-as-best-buying-opportunity-in-a-decade-2020-12-08

 

Boston Herald:

https://markets.financialcontent.com/bostonherald/news/read/40730724

 

Yahoo! Finance:

https://finance.yahoo.com/news/renowned-commercial-real-estate-investor-123000541.html

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This website is for informational purposes only, and should not be relied upon by perspective or actual investors in the fund. The offering of interests in the fund is made solely pursuant to the amended and restated confidential private placement memorandum dated June 30,2020, concerning the fund, as it may be supplemented and amended from time to time (the private placement memorandum). This website is not intended, and should not be relied upon, as a complete statement of terms of the offering. Any potential investor should refer to the private placement memorandum for a complete statement of the terms of the offering, as well as for a description of pertinent risk factors, which should not be considered in connection with any proposed recommendation of investment in the fund. Past performance is no indicator of future performance.