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Development and Redevelopment Capabilities  |  Build-to-Suit Capabilities
Management  |  Distressed Debt Focus


Distressed Debt Focus
  • Kearny has $4.4 billion in experience as a real estate operator and developer and $2.2 billion experience in acquiring, managing and creating value with non/sub-performing loans. Kearny is very versatile and unique given both our operating/development and work-out experience.
mm's Borrowers
1993 Kearny Street Portfolio (B of A) $1,400 120        
1994 Industrial Bank of Japan Portfolio 72 7        
1994 Union Bank Portfolio 240 22        
2002 Heritage Corporate Center (Teachers) 55 1        
2010 San Diego Short Sale (GE) 10 1        
2010 Central Pacific Bank Portfolio 155 12        
2011 China Trust Portfolio 196 45        
2011 Far East Portfolio 52 25        


$2,180 233        

*Additionally in 1997 J Dritley was lead for MSREF in buying and working out $300mm non-performing loan on Playa Vista.
  • Acquisition Criteria
    • $5mm+ loans and portfolios on commercial properties, including land, in California (whole loans, mezzanine loans, participations, defaulted CFD's and "stalking horse" BK bids)
    • $20mm+ loans on commercial properties in Western United States
    • $50mm+ portfolios with concentration on West Coast
  • Joint Venture - Kearny will also acquire portions of loans/portfolios and manage and own them in a joint venture structure with the seller.
  • Third Party Services - Providing receivership for non-performing loans, asset and/or property management services for bank REO.
 
   


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