Discussions » 🔏 The opportunity amongst office mortgage defaults. (🔗 Visit source)
The New York Times shares that more and more large office landlords are 'handing back the keys' by opting to default on their mortgage obligations and letting the investors or bank repossess the building. We've already explore in previous newsletters how some operators are using this trend to buy target buildings at lower valuations.
But what about those who can't, or won't, buy? When ownership changes, so do the decision-makers around what is happening in those buildings. Many banks, investors, and PE firms know (or are learning through things like this newsletter) about the benefits of bringing in coworking offerings... but very few know (or want to know) how to do it. Enter you.