NEW YORK CITY-GlobeSt.com is expanding its market-leading industry coverage with a new page dedicated to distressed assets, opportunistic investments and asset management. The page, titled Distressed Asset Investments, builds on the success of the award-winning e-newsletter Distressed Assets Investor.
Currently featured on the page are exclusive, staff written articles on how cash-strapped governments—local, state and federal—see CRE as their own ATM; and the coming default wave in peak-market CMBS. In addition, from columnist Bliss Morris of the First Financial Network comes a column on how GSEs could borrow from the FDIC’s playbook.
The switch from standalone newsletter to web-based format is intended to provide a wider audience, faster delivery and greater audience interactivity.
“In the two years since we launched DAI, the industry has embraced its mission, which was to guide the investor looking for field-level guidance in what was a new and fast-paced market,” states vice president and group publisher Michael G. Desiato. “The changes we’re putting in place now will support that mission and add a new level of timeliness.”
“In the depths of the recession, it was enough to maintain a tight focus on the movement of troubled assets themselves,” states content director John Salustri. “Distress today is not what it was two years ago, and investors have become savvier in their understanding of the market’s movements and the flow and timing of deals.” The expanded focus will reflect that sophistication by incorporating asset management and opportunistic investments into the content presentation as well as distress.
The initiative will also benefit from GlobeSt.com’s email alerts, allowing readers to access real-time updates of all content. GlobeSt.com’s national alerts reach some 52,000 subscribers daily.
Overseeing the newly revamped page will be Real Estate Forum managing editor Paul Bubny, who has been a regular contributor to DAI since the newsletter was launched. “Paul is a natural to take the reins of DAI as we move it into its next phase,” says Salustri. “His familiarity with the market issues and major players as well as his ongoing work on Forum and the issues he covers there makes it a perfect fit.”
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