In Part I of our series, we discussed the current market trends, new legislation and imminent reality of another potential real estate/hospitality down cycle, though not as severe as in 2008. With new and unseasoned players in the real estate market, it is helpful to showcase the common themes we tend to see when working with distressed situations and how each can drastically change the outcome for all sides.

Common Themes Associated With Distressed Real Estate Situations

Managing Egos. Many successful real estate principals have large egos, often believing that they can solve all problems through force of will. Advisers should be cognizant of the importance of managing the ego of their clients. Most seasoned real estate principals will remember the last cycle, but younger real estate clients (who may have been in junior positions during the bust) could be problematic.

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