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Not Quite Heaven, but 2011 Offers Hope

LOS ANGELES-RealShare panelists hold hope for the recovery as conditions improve, but distress remains, and more will be hitting the markets this year.

By Natalie Dolce | Updated on March 15, 2011

Distress Panel

LOS ANGELES-While a tremendous amount of distressed debt has started to move through the real estate pipeline, it is mainly the wholesalers—hedge funds, CMBS special servicers, healthy banks who have bought “bad” banks and the national banks—that hold the distressed assets. So said “The Truth About Distress” panelist Taylor Grant, who heads Newport Beach, CA-based Real Estate Receiverships, at ALM Real Estate Media Group’s RealShare Real Estate 2011 Conference Tuesday.

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