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Redwood Real Estate Partners has launched a new investment fund focused on the distressed residential real estate market, Occasio Distressed Residential Fund.
Redwood and its management team collectively have been industry leaders in evaluating, sourcing and managing real estate assets since 1989. With the launch of Occasio ResCap, the company aims to leverage current market conditions and acquire $500 million in distressed residential real estate assets while offering sellers a seamless way of liquidating those assets.
As an operating platform, Occasio ResCap will manage the acquisition and handle the risk analysis, pricing, underwriting and liquidation of distressed assets. Because it is a fully funded entity that is sponsored by Redwood, Occasio ResCap has the capital to close sales and mitigate sellers' risk.
"We are in the midst of a very challenging market and recognize that liquidity is scarce," said Carl Chang, founder and CEO of Redwood Real Estate Partners. "We launched Occasio ResCap to provide an effective exit strategy to sellers of residential real estate assets looking for liquidity while offering the certainty, integrity and experience for which Redwood is known."
Occasio ResCap will be lead by John Duden, one of the founding partners of Fasthold Capital, which specialized in the acquisition, restructuring, and liquidation of residential whole loans and REO portfolios. Duden brings over 20 years of experience in real estate finance and distressed asset acquisitions to the Occasio initiative.
"Redwood has a long standing reputation as a highly experienced real estate investor, and I am excited to combine my experience in residential real estate with Redwood's expertise," stated John Duden, president of Occasio ResCap. "With our mutual aptitude and experience plus an established fund, sellers of distressed real estate assets can look forward to a quick, transparent transaction and the confidence of knowing the sale of their assets will be executed flawlessly."
"We are very pleased to have a seasoned professional of integrity like John Duden to lead the Occasio initiative. Our shared expertise and common business ethics only enhances our offering to sellers," added Chang.
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