Real Estate Marketing & Beyond
Yesterday, CTRI, better known as CT Realty Investors, disclosed that it has officially sold their dossier for their warehouse, office and residential holdings positioned in Southern California, for over $30 million.
The CTRI dossier included many residential, industrial and office assets bought by CTRI in 2009 and 10 through various long-term loan pool holdings. CTRI is and has been a buyer of aggrieved debt and maintains an active debt solutions unit.
The gigantic portfolio was brought on by many off-market dealings, according to the release. A good portion of the senior documents was taken out of the Lehman Brothers estate, and the aggrieved debt being balanced out by the local banks of the area.
Carter Ewing, VP of CTRI says that many of the assets were acquired during the year 2010.
” CT has been an active purchaser of under-performing debt instruments, and
this portfolio is an example of our successful resolution capabilities.”
A great portion of the dossier was thrown on the market and sold rapidly to investors in the last six months in agreement with CTRI’s plan for the assets. Ewing added:
“In addition to several recent purchases in the Inland Empire industrial marketplace, CT has been actively seeking institutional quality industrial, multi-family and distressed debt investments throughout Southern California. Our team has worked together for 15 years and knows how to respond quickly to new opportunities. In the case of this latest portfolio transaction, they worked through a variety of challenging issues to enhance the property values as swiftly as possible."
Since 1994, Aliso Viejo, California centered, CT Realty Investors has closed more than 200 deals with a value exceeding $2.5 billion.
CT Realty Yorba Linda Industrial Warehouse
From the original Press release
