A rendering of a CityPads’ project in Los Angeles. (Albert Group Architects) From article: https://urbanland.uli.org/capital-markets-and-finance/a-new-generation-of-entrepreneurs-capitalizes-on-commercial-real-estate-dislocations

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A New Generation of Entrepreneurs Capitalizes on Commercial Real Estate Dislocations

By Hannah Miet

Date: June 11, 2024

A new wave of midcareer commercial real estate entrepreneurs is capitalizing on what some call “once-in-a-generation” opportunities to invest in distressed or otherwise discounted properties in today’s market—especially in the office sector.

Nationwide, there’s been an uptick in new investment firms started by development and investment professionals with 10–25 years of industry experience—some of whom left major firms to do so. These firms aim to buy cheap offices and reposition them through leasing, capital improvements, or conversions to apartments.

Anthony Chang, ULI’s Washington chair and the founder of Silverline Equities in Washington, D.C., is among these professionals. So is Hai Chien Wang, a value-add investor who cofounded the D.C.–based Taicoon Property Partners just over a year ago.

Other entrepreneurs focus on dislocation in different sectors. Roberta “Bobby” Bosfield, who sits on ULI Washington’s WLI Steering Committee, recently left her role as vice president at Linden Property Group to launch Rawson Square, a D.C.–based firm specializing in multifamily acquisitions and developments.

Full Article Here: https://urbanland.uli.org/capital-markets-and-finance/a-new-generation-of-entrepreneurs-capitalizes-on-commercial-real-estate-dislocations