GoldenNetworking.com's Distressed Investing Conference to Explore Challenges for FDIC Partnerships Unloading Distressed Real Estate

New York, NY, February 11, 2010 --(PR.com)-- GoldenNetworking.com's highly anticipated Distressed Investing Leaders Forum 2010, February 26th, New York City, will explore challenges for FDIC partnerships unloading distressed real estate properties despite the fact that the market has not fully recovered. Distressed Investing Leaders Forum 2010, the most influential Distressed Investing conference for 2010, will attract business executives and professionals with private equity firms, hedge funds, financial sponsors, investment banks, limited and general partnerships, lenders, accounting and law firms involved in the Distressed Investing world.

Illustrating these challenges, industry newsletter Real Estate Alert reported that the Starwood Capital-FDIC partnership that inherited Glencoe Lofts, a luxury California condo project, from failed Corus Bank, will be finished and resold, a risky play should the market weaken even further. The Wall Street Journal added: "These lofts were financed by a $39.2 million construction loan Corus wrote in 2005 for a local developer. Back during the peak- and before the condo market collapsed - some of the 100 units were expected to command prices topping $1 million. Starwood was part of a team that last year made a $2.77 billion purchase of construction loans made by Corus before regulators shut the bank down in September."

Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html).

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