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Business as unusual : managing commercial property in distress / Craig Furfine

Author
Furfine, Craig
Published
[London] : SAGE, 2016.
Physical Description
1 online resource : illustrations (black and white, and colour).
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Summary
In January 2010, Benedict Clarke, general partner of a small real estate private equity venture, faced difficulty with one of his properties. When purchased in early 2007, Tulaberry Plaza was a thriving retail shopping center outside Orlando, Florida. The financial crisis and severe economic downturn forced Tulaberry's anchor tenant into bankruptcy and weakened the other tenants in the plaza. Clarke now faces pressures placed on him by his limited partners, who were shown rosy projections of the returns they would receive, and by his lender, who is presently taking most of the property's cash flow to satisfy required debt service. Clarke must devise a plan that presents the most logical and profitable way forward, while also justifying his actions to elicit the necessary support from his stakeholders.
Subject(s)
ISBN
9781473969629 (ebook)
Note
Originally Published in: Furfine, C. (2014). Business as Unusual: Managing Commercial Property in Distress. 5-413-759. Evanston, IL: Kellogg School of Management, Northwestern University.
View MARC record | catkey: 47386066