Jorge Perez Betting $1B on South Florida Market
By Anthony Longo 30 01 2008
Amid a slumping condo market, developer Jorge Perez is joining with a Wall Street firm to create an investor fund that will buy troubled mortgages and distressed property that ranges from raw land to finished condominium units in the southeastern United States. To read the entire story.. CLICK HERE
As reported by the Miami Herald, the condominium developer who led South Florida’s high-rise building boom is making a $1 billion bet that the region’s real estate market is a bargain.
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Source: BlogSouthFlorida / Miami Herald
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