Q&A with Aleksey Chernobelskiy | Distress in the Real Estate Market

If distress hits the real estate market hard, Aleksey Chernobelskiy of Centrio Capital Partners will be among the first to see it. He spends his time advising real estate investors and sponsors, many of whom are navigating hairy situations—a horror show of expiring rate caps, refinancings, capital calls, and even litigation. (He writes about the lessons he sees in a weekly newsletter here.)

This week we sat down with him to discuss the state of the market and emerging distress, including:

• How he got his start helping LPs;
• The state of the real estate market and where he’s seeing real distress;
• Advice for GPs and LPs facing challenged properties;
• The biggest mistakes real estate investors make.