June 11, 2024: A New Generation of Entrepreneurs Capitalizes on Commercial Real Estate Dislocations - Urban Land Magazine (uli.org)

A new wave of midcareer commercial real estate entrepreneurs is capitalizing on what some call “once-in-a-generation” opportunities to invest in distressed or otherwise discounted properties in today’s market—especially in the office sector.

Nationwide, there’s been an uptick in new investment firms started by development and investment professionals with 10–25 years of industry experience—some of whom left major firms to do so. These firms aim to buy cheap offices and reposition them through leasing, capital improvements, or conversions to apartments.

Anthony Chang, ULI’s Washington chair and the founder of Silverline Equities in Washington, D.C., is among these professionals. So is Hai Chien Wang, a value-add investor who cofounded the D.C.–based Taicoon Property Partners just over a year ago. Read more

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