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Distressed Real Estate Platform Launched
Effort focuses on the monitization and value maximization of distressed residential and commercial assets
News Release
June 12, 2009
HousingZone
San Francisco, June 11 -- Sequoia Equities has announced the launch of its distressed real estate platform, Sequoia Debt Ventures (SDV). Building on Sequoia's 30-year history of real estate investment, SDV will focus on the monetization and value maximization of distressed residential and commercial assets for banks, private equity firms, real estate funds, government entities and investors. Sequoia has positioned itself as a provider of turnkey investment, property management and workout solutions. "While the opportunities today are similar to those we saw during the RTC," noted CEO Mark Carter, "we formed SDV, to manage the enormity of distressed debt and real estate we are seeing and the additional complexities that are part of this cycle."
Since early 2008, Sequoia has been acquiring real estate debt and continues to work with banks, the FDIC, and private equity groups to add to Sequoia's portfolio. Sequoia is leveraging its existing investment partners and seeking new investment partners to capitalize on these timely opportunities.
About Sequoia Equities
Founded in 1973, Sequoia Equities, Inc. is a privately held real estate investment manager with more than $1.6 billion in real estate assets under management and over 280 employees.
Sequoia is an experienced real estate investment and operating partner for institutions and private investors. Sequoia provides real estate services spanning acquisition to disposition with core capabilities in asset and property management. In addition, Sequoia has repositioned and restructured distressed assets through general partner replacements and recapitalizations.
© 2009, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
