Simon Ziff on distress investing: “Do a lot of homework”

In TRD's latest video, the Ackman-Ziff president explains which markets are heating up and where he's still waiting to see opportunity

National /
Dec.December 31, 2020 08:30 AM

In the first installation of TRD Tips, Simon Ziff sat (virtually) with The Real Deal‘s editor-in-chief Stuart Elliott to give some insights on real estate investing.

Ziff, whose Ackman-Ziff Real Estate Group closed more than $7 billion in deals last year and about $85 billion in total since he became president, said he expects distressed deals to happen “deeper into the downturn.” But that’s not stopping him and other investors from watching what loans are being sent to special servicing and keeping tabs on sectors hit hardest by the pandemic, like retail and hospitality.

“There will be other distressed assets along the way, and typically it will be because they’re overfinanced and the owner has to just get out,” Ziff said.

Watch the video above for the full interview and keep an eye out for more TRD Tips coming soon.

 

Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Emerald Equity siphoned security deposits at now-bankrupt buildings
Emerald Equity siphoned security deposits at now-bankrupt buildings
AKA United Nations at 234 East 46th Street (Google Maps, iStock)
Bank forecloses on Prodigy’s AKA United Nations hotel building
Bank forecloses on Prodigy’s AKA United Nations hotel building
Ziel Feldman with Fifty Third and Eighth. (The Xi, 53rd and 8th)
HFZ loses control of 4 Manhattan condo projects
HFZ loses control of 4 Manhattan condo projects
Housing Expert Shaun Donovan on his Bid for NYC Mayor
Shaun Donovan can do housing. Can he do politics?
Shaun Donovan can do housing. Can he do politics?
Watch BRP Companies’ Meredith Marshall on Coffee Talk
BRP’s Meredith Marshall: “We get the story wrong in New York”
BRP’s Meredith Marshall: “We get the story wrong in New York”
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)
7 Manhattan hotels head to auction block
7 Manhattan hotels head to auction block
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...