Crisis Investing – 3 Deals I Discovered This Morning
I consider crisis investing and distressed sales to be one of the hottest international real estate plays today. I’ve called on several sources to help me identify the best opportunities–bankers, developers, finance specialists, and others. This morning I spoke with Colin Murphy. Based out of Madrid, Spain, Colin spends his time pouring over the books of banks–cherry picking the best distressed opportunities in Europe’s major markets. Through his company (Torcana), Colin offers these opportunities discretely to his clients. This is what’s know in the trade as an “off market” deal, i.e. deals that will never be publically advertised. Here’s what we discussed.