OREO Purchases or Joint Ventures
TerraCotta purchases or participates in joint ventures involving real estate that has been foreclosed by financial institutions. With an emphasis on California, we will consider purchases and joint ventures across a wide array of property types. Because of our broad experience in OREO (other real estate owned) management, we are able to extract value from properties that the seller is either not able to obtain or cannot address due to time, resource constraints, compliance, etc. Some of the challenging situations that TerraCotta can handle include environmental cleanup, rehabilitation, failed development, and failed lease-up.