Appaloosa Increasing StuyTown Stake
Appaloosa Management has been quietly increasing its stake in commercial mortgage-backed securities deals that include a piece of the $3 billion senior mortgage on Peter Cooper/Stuyvesant town, fueling speculation that it is seeking to wrest control of the workout of the property from special servicer CW Capital.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast