Bryant Park Tower

In the context of an uncertain economic environment, how do you evaluate the risk and opportunities of underwriting a deal to purchase a high-profile office building in New York City which has just gone into default?

Lynne Sagalyn, Nicholas Bienstock, Chris Schlank | Fall 2011

Topics:Real Estate

In early 2010, Savanna Investment Management was presented with the opportunity to underwrite the sale of Manhattan's Bryant Park Tower, which had just gone into payment default. In this case, students are asked to evaluate the unstable macroeconomic environment and its impact on the New York real estate market as well the financing options available to Savanna should they proceed with the deal.

Case ID: 111706
Supplemental Materials: Teaching Note, Teaching Slides , Exhibits 1 - 4 , Exhibit 5 , Exhibits 6 - 8 , Exhibit 9 , Exhibit 10 , Exhibit 11 , Exhibit 12 , Exhibit 13 , Exhibit 14 , Exhibit 15 , Exhibit 16 , Exhibit 17 , Exhibit 18

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