“DISTRESSED OPPORTUNITY 2010: A MID-YEAR REVIEW”

>> Listen to this teleconference <<

Featured speakers from GreenPearl Events’ DISTRESSED REAL ESTATE SUMMIT: CHICAGO participated in an informative and provocative discussion on April 8th about opportunities in financially-troubled real estate assets (including, but not limited to properties, loans, notes). The teleconference served as a preview of the full-day in-person DISTRESSED REAL ESTATE SUMMIT: CHICAGO, which will be held on May 13th.

Speakers Included:

• Robert Abassi, President & CEO, B&A Capital Partners
• Jay Michalowksi, Chief Operating Officer, Clark Street Capital Management
• Don Shapiro, President / CEO, Foresite Realty Partners
• Moderator: Brian Klebash, Director of Events, GreenPearl Events

Talking points included:

* We are now in Q2 of 2010. There has been an expectation for sometime now, dating back to early last year of what some described, as a “once in a lifetime buying opportunity.” What is the state of that buying opportunity in distressed real estate and debt, today?

* We’re hearing that the most immediate opportunities are in distressed construction/development deals, namely broken condo deals, and residential consisting of 1-4 units?

* Is the “tidal wave” being delayed as lenders and workouts specialists amend and extend, or are we in for an indefinite period of amend and extend?

* Bank failures: Geographically speaking, is there a location where community banks are forced to sell? Would these sales ultimately improve the bid/ask spread, even involving non-construction debt?

* What are the panelists seeing at the FDIC? Has the FDIC changed its approach in recent months?

* Illinois is a judicial foreclosure state. What should buyers outside IL, or those in the state, but unfamiliar with the process, know about buying distressed real estate/debt in IL?

* Is anyone seeing buyer capitulation?

* What are the terms being offered on acquisition financing (for stabilized and value-add/turn-around plays)?

>> Listen to this teleconference <<

To register for the Distressed Real Estate Summit: Chicago (May 13): http://greenpearlevents.com/chicago/register-now/

Robert Abbasi
B & A Capital Partners

Jay Michalowski
Clark Street Capital Management

Don Shapiro
Foresite Realty Partners

Brian Klebash
GreenPearl Events