PIMCO manages approximately USD24bn in alternative investment strategies, including distressed
While the transaction base in many parts of the country is dominated by distressed
sales, the vast majority of properties are not distressed
In January the sales of distressed
properties in San Luis Obispo County totaled 36.
The coefficient on the dummy variable for firms in financial distress is positive and significant, implying that financially distressed
firms use, on average, 5.
Nationally, the fraction of existing home sales that were distressed
over the past year is around 35 percent.
At the beginning of 2010, it was as if a light switch was turned on and banks began to step up their initiatives to sell distressed
assets in an effort to clean up their balance sheets.
The survey asked respondents whether the level of interest from specialist funds in distressed
properties was increasing.
And we are seeing a number of distressed
funds preparing to enter the market," explained Heather Wipperman, chief executive officer of Investment Boutique.
On the territorial side of the equation, the two main players in distressed
assets are the mortgage-holding banks and a small group of secretive realtors specializing in such property.
First, the rational behavior of distressed
banks is to lend more money to distressed
companies, in order to avoid taking provisions against loans that have a high risk of default.
At baseline, about 12% of participants were pregnant and there were no differences between distressed
adolescents in this regard.