 | | Redevelopment, repositioning, change in use opportunities
|
 | | REO, non-performing, sub-performing debt
|
 | | Corporate divestitures, excess real estate, buildings or additional development sites
|
 | | Portfolio acquisitions
|
 | | Recapitalization of existing transactions
|
 | | Land acquisitions with entitlement risk, property acquisitions with re-entitlement risk
|
 | | High loan to value, mezzanine, or first loss, "B piece" loans provided, fund can |
| | underwrite underlying asset value
|
 | | Deferred maintenance, vacancy issues, near-term debt maturity which necessitates a |
| | sale, opportunity to invest capital, lease-up and sell as a stabilized asset
|
 | | Domestic or international investments |
| | |