Sortis Capital | Rescue and Distress Opportunity Fund

Sortis Rescue and Distress Opportunity Fund

Sortis Rescue and Distress Opportunity Fund

Introducing the Sortis Rescue Fund

(Closed to new investment)

The Sortis Rescue Fund was launched to capitalize on the dislocation and market stress caused by the COVID-19 pandemic. The subsequent economic fallout was deep and intense enough to create situational distressed opportunities, particularly in hospitality, retail, office, and select operating businesses.

Our team consistently finds a wide range of opportunities to deploy capital on behalf of investors across changing economic environments and market cycles, and this time of national and global distress is no exception. The SRF will not make broad market acquisitions but rather will source and acquire specifically targeted distressed assets in situations with strong value enhancement.

Opportunistic and distressed investing is our foundational strategy as real estate investment specialists. The core senior team at Sortis has deep rescue and distress experience including but not limited to working at all levels of the capital stack, placing debt and equity, acquiring distressed loans and REO, finishing particularly complicated projects, restructures, and bankruptcy. Sortis is uniquely suited for distress and the complexity surrounding it.

We have hands on experience at scale for even the largest most complex development projects, as proven by the $500+ million Macy’s project in Seattle. Our affiliated developer and construction management team have completed well over $1 billion in projects of all property types. Moving forward, Sortis will be considering distressed real estate opportunities as part of the Sortis Rescue Fund.

Sortis is uniquely suited for rescue and distress and the complexity surrounding it

The Opportunity

COVID-19 will continue to stretch property owners and lenders beyond their limits

  • Property owners, business owners, and leveraged lenders are taking the brunt of the COVID-19 pandemic economic fallout
  • Ongoing uncertainty around safety and re-opening will cause the disappearance of many tenants, businesses, and consumers from the marketplace
  • No mandated mortgage relief

Fund Highlights

  • Designed to capitalize on the dislocation and situational distress caused by COVID-19
  • Led by a core team of nimble and creative distressed investors with experience in restructuring, loan acquisition and workouts, receivership, bankruptcy, partially completed or failed projects, and highly complex transactions
  • Asset class and capital stack agnostic, allowing maximum flexibility for when and where situational distress is found

Investment Strategy

The messier and more complex the situation, the more attractive entry prices and investor returns

  • Acquisition of distressed real estate secured debt
  • Acquisition/Recapitalization of distressed real estate and businesses
  • Rescue and bankruptcy lending
  • Workouts of unusually complex assets

Sortis Advantage

  • Fund management platform with proven team
  • Rigorous underwriting standards and strict adherence to core investment philosophies
  • Distressed assets expertise
  • Diversified, multi-asset fund
  • Hybrid allocator/developer
  • Extensive relationship network and strong reputation for performance provides off market and unique opportunities

Select Private Equity Investments

Bamboo Sushi Logo

 

Happier Camper Logo

 

Rudy's Barbershop Logo