Re-printed from The Distressed Debt Report
T-Rex Capital Group said it’s returning to the commercial real estate market, after selling most of its assets in 2005 and 2006 and ceasing investment during the economic collapse.
The firm said in a statement that it will invest in off-market transactions, undervalued real estate, complex financial restructurings, distressed equity and debt sales, inefficiently capitalized assets, public REIT recapitalizations, strategic partnerships and other value-added plays.
T-Rex completed two recent transactions. It purchased a $35 million mezzanine debt position in a 609,000 square-foot building leased by the federal government’s General Services Administration in Washington, D.C., and purchased a B note for a 450,000 square-foot, Class A office building in Tysons Corner, Va.