Search
 

Portfolio Property Management's Bass

'It's not about the hurdle down the road, it's: What are you doing today to leverage your strength?'

By Ian Ritter | Updated on August 21, 2009

There is a lot of talk in the industry today about distressed assets. We are starting to see some of them pop up around the country, but when will the deluge take place that the industry has waited for, and when will that money everyone talks about “sitting on the sidelines” finally suit up and get in the game? Marsha Bass, vice chairperson and chief operating officer of Portfolio Property Management, answers some of those questions in a conversation with GlobeSt.com. Her firm, which does as its title suggests, operates assets on a national scale without having a brokerage component. Portfolio Property Management currently operates a variety of different assets totaling five million square feet throughout the country in seven states.

GlobeSt.com: When do you see firms starting to buy up some of these distressed assets?

Bass: As far as acquisitions are concerned, it will still be down the road a bit. There’s a direct correlation with the money available and the level of acquisitions that are going on in the marketplace. The tightening of the credit market obviously had an impact. From a timing standpoint, it is beginning to loosen up a bit, and by the end of the year, or certainly early 2010, you’ll see folks making more acquisitions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.