Experts: Troubled Asset Cycling May Speed Up

SAN FRANCISCO-Amid reminders from real estate researcher Foresight Analytics that billions of dollars in real estate may go back to lenders this year, panelists at an Urban Land Institute meeting in San Francisco shared glimpses of how the real estate is trickling out. Titled “Asset Advisory, Receivership and Workout Strategies Emerging in the Downturn,” the panel revealed to more than 150 attendees that relationships and experience are key to stepping into the deal-flow. “First and foremost, owners of troubled assets are seeking operating partners, advisors and receivers who really know the real estate, and can move quickly,” said Jerry Hunt, managing partner of Quattro Realty Advisors. Panelists agreed that there are many qualified firms, and bankers are turning to people they feel they can trust.

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