Amid a slumping condo market, developer Jorge Perez is joining with a Wall Street firm to create an investor fund that will buy troubled mortgages and distressed property that ranges from raw land to finished condominium units in the southeastern United States. He will look at properties built by other developers as well as by his own Miami-based Related Group.
Saturday, January 26, 2008
Miami developer bets on condos' future
he condominium developer who led South Florida's high-rise building boom is making a $1 billion bet that the region's real estate market is a bargain.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment