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Oaktree's Franks: 'Enormous' opportunity in distress

May 07, 2013 - PERE
Mergers and Acquisitions-IPOs

Although opportunistic real estate deals are harder to come by these days, is still finding its sweet spot in distress."There's not a surfeit of fantastic investment opportunities, but there are pockets of opportunities," said John Frank, managing principal at the Los Angeles-based firm, during an earnings call today. Despite the significant recovery in Class A properties in major markets since the global financial crisis, "there are an enormous number of properties and situations outside of maj...