Kingsbury Capital Partners LLC has announced the formation of an investment company focused on distressed residential and commercial real estate. The Omaha, Neb.-based fund is looking to make principal investments in residential and commercial nonperforming loans, distressed assets, and select commercial and residential development opportunities.
‘We believe purchasing nonperforming assets generates superior risk-adjusted returns for investors compared with buying properties in some of today's high-priced markets’ explains Kingsbury Capital Partners founder Richard Kingsbury.
The company's initial investment vehicle targets the acquisition of loans from existing real estate lenders in the secondary market.
Kingsbury Capital Partners investment criteria cover multiple property types, fixed- or floating-rate loans, and a full range of performance characteristics, including performing, subperforming and nonperforming loans. The firm says it is evaluating a pipeline of investment opportunities and that it expects the loan sale market to grow significantly in coming years as a result of the recent expansion in commercial real estate credit by both regulated and nonregulated lenders.
SOURCE: Kingsbury Capital Partners