Dan Michaels, of the Los Angeles-based real estate investment firm Stockdale Capital Partners, had a gut feeling late last year that it was time to launch a commingled distressed debt fund. Prior to January, few knew anything of the novel coronavirus from Wuhan, China. But more than 10 years after weathering the 2008 downturn, the moment seemed right, said Michaels, a managing director at Stockdale. The new fund went on to close $550 million in
source https://therealdeal.com/2020/04/27/cracks-starting-to-show-in-u-s-multifamily-markets-due-to-covid-19/
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