How to merge yield hungry investors and CMBS workouts.

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The recent receivership sale of Comerica Bank Tower, a 1.5 million-square-foot office building in Dallas, is a template for how to bring together distressed assets and yield-hungry investors, while minimizing trust losses, according to Shlomo Chopp, Managing Partner at the workout advisory firm, Case Property Services. "The lender took a distressed property and maximized recoveries by selling it to an investor at a solid price, albeit with very high leverage," explained Chopp, who was not involved in the deal.