Mavik Capital seeks $1 billion to buy distressed commercial real estate

New York-based Mavik Capital Management is seeking to raise $1 billion to acquire distressed assets in the commercial real estate market, which has yet to fully recover from the surge in borrowing costs four years ago. The fund is targeting properties whose owners are under financial stress, expecting to find attractive entry prices. The fundraising effort reflects continued investor appetite for beaten-down real estate.

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