The poll of distressed investors found 41 percent expect real estate will be particularly attractive this year, up from 19 percent in 2009.
“The shoe has dropped and now there are a lot of opportunities,” said Matt Wirz, editor in chief of Debtwire, which compiled the survey along with the law firm Bingham McCutchen, FTI Consulting and Macquarie Capital.
More than 30 percent of those polled said they also expect opportunities this year in consumer products companies, financial services, and industrials. About 25 percent said they would find the automotive sector attractive.
Read the full article, “Distressed investors target real estate” at Reuters (Jan 26, 2010).