KBS Exec Shares How He Navigated Huge Challenge

ATLANTA—Allen Aldridge, senior vice president of acquisitions, dispositions and asset management for Atlanta-based KBS Realty Advisors, shared with us the biggest challenge he ever faced in the commercial real estate industry in part one of our exclusive interview. You can read that here: KBS Exec Recalls Ghosts From CRE Past.

Here’s the summary of the challenge: “Downturns in the market present the greatest challenges and the 2008 great recession was one of the largest,” he tells Globest.com. “Plans and pro forma no longer mattered as demand turned negative, credit issues arose, decisions were delayed and no tenants would commit long term. Asset sales also plummeted leaving everyone for a short period to focus on making the real estate you owned work.”