Paulson, others could lose millions in Puerto Rico real estate bets

Deep-pocketed investors like Paulson & Company, Lone Star Funds and the Blackstone Group pumped hundreds of millions of dollars into Puerto Rico real estate in recent years. In hindsight, that doesn’t look like such a great idea. The island’s economy is in tatters in the wake of Hurricane Maria. Storm damages could add up to $95 billion, according to one estimate. “We sustained a lot of damage, and we’re facing very significant losses,” Brian Tenenbaum […]

Source: Real Estate

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