Singapore’s GIC Seeks to Purchase Distressed Resorts from Paulson & Co

Posted on 02/15/2011


The Government of Singapore Investment Corporation is active in the U.S. distressed real estate resort space. These resorts are prime properties with PGA golf courses in highly desired tourist locations. Many of these resort properties were purchased with huge amounts of debt. The GIC recently offered to purchase a portfolio of bankrupt resorts. These resorts […]