Rental Property Owner & Real Estate Investor Podcast EP449 Why He’s Doubling Down on Buying Office Buildings with Scott Sherman
There seems to be a lot of fear in the commercial real estate world about the amount of distress in commercial office buildings. In San Francisco, a Market Street tower that was purchased for $62 million in 2016 was recently sold for $6.6 million. That’s a 90% haircut!
But where many see distress and ruin, my guest today sees opportunity.
Scott Sherman of Torose Equities is actively acquiring office buildings and retail spaces at a time when many are hesitant to do so.
Scott is here today to discuss his strategy for identifying, buying and financing distressed trophy assets in the office and retail space in high-entry barrier markets such as Miami, Tampa, and other US cities.
Find out more:
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.