{"id":395127,"date":"2020-12-08T07:33:30","date_gmt":"2020-12-08T12:33:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395127"},"modified":"2020-12-08T07:33:30","modified_gmt":"2020-12-08T12:33:30","slug":"renowned-commercial-real-estate-investor-sees-2021-as-best-buying-opportunity-in-a-decade","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/renowned-commercial-real-estate-investor-sees-2021-as-best-buying-opportunity-in-a-decade\/","title":{"rendered":"Renowned Commercial Real Estate Investor Sees 2021 as Best Buying Opportunity in a Decade"},"content":{"rendered":"

\nAmerican Ventures’ Philip Blumberg to launch investment fund to capitalize on deepest market trough in commercial real estate since 2008
\n<\/h2>\n
\n

MIAMI, Dec. 08, 2020 (GLOBE NEWSWIRE) — American Ventures’ chief Philip Blumberg today provided commentary on the 2021 U.S. commercial real estate outlook. Mr. Blumberg is forming a $1 billion\u00a0fund to invest in distressed Class A office properties, his fifth such fund over three decades.\u00a0<\/p>\n

Mr. Blumberg, highly regarded for his market forecasts, has a 30-year track record in raising investment capital, buying\u00a0distressed commercial real estate and selling ahead of softening demand. In 2006, to much media attention, he foresaw the Great Recession. By 2008, Mr. Blumberg had sold his national real estate portfolio – comprised of Class A office properties in the country’s Sunbelt – with most holdings selling at record prices.<\/p>\n

Slated for Q1’21, the fund launch aligns with Mr. Blumberg’s investment approach – forming funds shortly before or during market troughs. Over the past 30 years, he’s presciently formed funds just prior to or amid virtually every major economic downturn.<\/p>\n

American Ventures has generated an average annual return of 17.9% over 16 years, net of fees and expenses, to investors. In 2000,\u00a0Pensions & Investments<\/em>\u00a0and The National Council of Real Estate Investment Fiduciaries each ranked American Ventures as their top investment funds. From 1992-2000, Mr. Blumberg’s fund posted an average annual return of 22.5%.\u00a0<\/p>\n

“Difficulty typically begets opportunity. That axiom holds today like never before,” said Mr. Blumberg. “Come January, government regulators will begin to take a much harder view on underperforming real estate loans. That, in turn, will impair more loans as banks mark to market the real estate underpinning the loans. This spiral will fuel\u00a0one of the greatest opportunities in a decade to buy office buildings at steep discounts.”<\/p>\n

Mr. Blumberg shared several insights on the 2021 commercial real estate market:\u00a0<\/p>\n