Philadelphia Investment Manager Switches Fund’s Focus to Debt

Iron Stone Real Estate Co. has switched its investment focus to distressed debt from equity transactions and is leveraging its local market expertise to find opportunities. “Lenders are not about to air their dirty laundry, so a lot of what you can learn about debt available for sale is through word of mouth and knowing your market,” said Jason Friedland, partner and director of investments at the Philadelphia firm.

Commercial Real Estate Direct - Philadelphia (July 2009)
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