Distressed Residential Investment Buzz Grows – Why Jeff Barcy Can Celebrate
Residential investment pros everywhere should be tipping back a martini in celebration of the news I heard yesterday: “housing market took the biggest leap in 4 years….” Investment gurus like Jeff Barcy in San Francisco finally get to ramp business back up. CEO of Ridgeback Partners, he’s an example of a financial real estate investment professional that’s stayed positive in the midst of a tanking economy, housing bubble whompus, and scads of bad economic press and doomsday journalism.
I just finished reading an MIT article written 2 years ago underscoring the dire real estate market. In the article Jeff Barcy comments from his perspective as institutional RE investment pro–his position at the time with Hearthstone. Barcy lamented back then the biggest “difficulty” was convincing RE investors that the market could ultimately rinse out with big rewards for gutsy investors.
Ridgeback, with Jeff Barcy at the helm, are digging hard into a market that’s garnering some new and big buzz: “distressed residential opportunities,” wrecked mortgage securities, and more of the REIT debris that could ultimately prove a win-win for all involved.
This entry was posted on June 25, 2009 at 6:55 am and is filed under jeff barcy. You can subscribe via RSS 2.0 feed to this post's comments.
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