07.02.2013 - Troubled European assets come to market
When Jason Joseph launched his Atlanta-based investment firm in 2009, the plan was to buy distressed property loans from U.S. banks. But these days, he is more likely to be making the rounds in London, Munich or Amsterdam. His firm, Hibernian Pacific Holdings, last month signed an agreement to buy an office park in Germany for 80 million ($108 million). That was Mr. Joseph's first European deal. He aims to buy property or loans valued at as much as 600 million this year, about three times what he anticipates buying from U.S. banks...............................................Full Article: Source
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