BANOR SPECIAL SITUATIONS
Investment opportunities in Distressed Trophy Assets
The Banor Special Situations (BSS) fund is a closed-end fund reserved for professional investors.
The initiative targets investment opportunities in illiquid assets (distressed assets), with a particular focus on trophy assets. The fund acquires real estate assets (from auctions and bankruptcy proceedings) and mortgage loans (from servicers or directly from banks). The BSS closed on 30 April 2019, with capital commitments of over €62 million. From that date, the fund has three years to invest its capital.
The investment strategy is based on three main pillars
Focus on individual assets: mortgage loans and real estate assets are purchased individually.
Focus on high quality real estate assets (direct or underlying loans). These assets have a strong potential for appreciation and may also attract foreign buyers upon exit.
Focus on a medium-small segment, i.e. values between €2 million and 15 million per transaction.