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Stuyvesant Town - Peter Cooper Village: America's Largest Foreclosure
Segel, Arthur I; Feldman, Gregory S.; Liu, James T.; Williamson, Elizabeth C.Case HBS-211106-EFinanceIn July 2010, William Ackman, the founder of Pershing Square, is considering a potential new opportunity: the acquisition of the distressed Stuyvesant Town and Peter Cooper Village ("ST /PCV") complex. The property had recently been abandoned by its owners and had come under the control of CW Capital, the special servicer for the vast amount of debt that was in default. Any investment in a distressed property could be very risky and might require...Starting at €8.20