In a market defined by repricing and prolonged deleveraging, the opportunity set is pervasive, but it’s increasingly idiosyncratic rather than driven by broad market momentum. “You need to know where to look,” said Andrew Gindy, founder and managing partner at Range Equity Management LP (REM), in an interview with IREI. He is concentrating on operationally complex “special situations,” targeting properties facing capital structure stress, refinancing pressure or operational underperformance where active asset management creates value rather than stabilized, income-oriented assets.
Gindy founded Range Equity Management in 2024 and oversees the firm’s strategy and investments.
What excites you about REM’s focus on operationally intensive special situations compared to traditional real estate investments?
We look for levers to pull, and that is what you get with operating assets. There is a lot you can do. It could be repositioning, a
