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Ex-Great Lakes execs eye low-rises in burbs.(People)(Previse Capital Management LLC)
Crain's Chicago Business, September, 2004 by Gallun, Alby
Byline: ALBY GALLUN Three former executives of Great Lakes REIT are back in the acquisition hunt five months after the sale of the Oak Brook-based real estate investment trust. With the backing of New York-based insurer Assurant Inc., the trio's new firm, Previse Capital Management LLC, aims to spend about $100 million annually, mainly for low-rise office properties in suburban areas around the Midwest, with a particular focus on medical office buildings.
Yet with strong investor demand pushing up real estate prices these days, finding good deals won't be easy. "There's a lot of money chasing deals right now,'' says Patrick R. Hunt, managing principal of Bannockburn-based Previse and former president and chief operating officer at Great Lakes. "We're...
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