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December, 30 2020, Wall Street Journal Commercial Real Estate Weekly

American Ventures managing partner, Philip Blumberg, is raising $1 billion to buy distressed commercial real estate from struggling office landlords.

American Ventures managing partner, Philip Blumberg, is raising $1 billion to buy distressed commercial real estate from struggling office landlords.  American Ventures joins a growing number of investors anticipating a deal rush due to the havoc wrought by the pandemic. 

 

Peter Grant reports that public-health experts estimate that return to work plans cannot be implemented until approximately 65% of the population is immune to Covid-19.  As of November, 8.2% of commercial real estate loans securitized were delinquent, which is a 2.3% increase from the same period in prior year. 

 

American Ventures Partners is seeking to purchase properties at deeply discounted prices, primarily in Sunbelt states. 

 

Read The Full Article at The Wall Street Journal Commercial Real Estate Weekly Here:

https://realestate.cmail19.com/t/ViewEmail/d/A01EDC15F88CF7A92540EF23F30FEDED/26B1A833C1AC48094936C359EC0425C0

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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.