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Restructuring Veteran Launches Asset Management Firm to Capitalize Distressed Opportunities
Shlomo Chopp, founder of distressed debt consulting firm Case Property Services, has launched Terra Strategies, a newly formed asset management firm focused on investing in undervalued properties through derivatives.
The firm capitalizes on the discrepancy between real estate bond and equity valuations. With a focus on property operations, loan financing, and loan restructurings, the firm looks to identify opportunities in quality real estate at significant discounts.
“After a long period of interest rate expansion, commercial real estate values are now resetting, creating a bevy of challenges for borrowers and lenders alike,” said Chopp. “The current environment is similar to how legendary investor Sam Zell described the real estate market in 1975 in that it presents the opportunity for savvy, well-capitalized investors with management skills to acquire attractively-priced assets with favorably misaligned risk/reward ratios.”
- ◦Financing
