{"id":29231,"date":"2015-07-14T10:53:01","date_gmt":"2015-07-14T14:53:01","guid":{"rendered":"http:\/\/acprimetime.wpengine.com\/?p=29231"},"modified":"2017-02-13T05:25:35","modified_gmt":"2017-02-13T10:25:35","slug":"vulture-investors-see-opportunity-in-atlantic-city","status":"publish","type":"post","link":"https:\/\/acprimetime.com\/vulture-investors-see-opportunity-in-atlantic-city\/","title":{"rendered":"Vulture Investors See Opportunity in Atlantic City"},"content":{"rendered":"
\"Atlantic<\/a>
Seeking Opportunity in AC<\/figcaption><\/figure>\n

From CNBC > In Atlantic City, vulture investors are beginning to swoop in. They’re developers who specialize in turning around distressed properties or neighborhoods.<\/p>\n

While many folks have written off the East Coast’s one-time gambling mecca, investors such as Bart Blatstein see an opportunity: Low real estate prices touting property tax bills that are fraction of their pre-recession assessments, in a city desperately trying to reinvent itself.<\/p>\n

For those armed with capital and a penchant for risk, it has created a fire sale of sorts. “Fire sale, distressed sale. The lender just wanted to get rid of it (Pier at Caesars),” said Blatstein. “A.C. lost more jobs percentage-wise than any other part of the country last year. When things look that bad, that’s when we come in.”<\/p>\n

READ MORE at CNBC\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From CNBC > In Atlantic City, vulture investors are beginning to swoop in. They’re developers who specialize in turning around distressed properties or neighborhoods. While many folks have written off the East Coast’s one-time gambling mecca, investors such as Bart Blatstein see an opportunity: Low real estate prices touting property tax bills that are fraction […]<\/p>\n","protected":false},"author":2,"featured_media":29232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[354,328,10],"tags":[],"yoast_head":"\nVulture Investors See Opportunity in Atlantic City - 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They’re developers who specialize in turning around distressed properties or neighborhoods. While many folks have written off the East Coast’s one-time gambling mecca, investors such as Bart Blatstein see an opportunity: Low real estate prices touting property tax bills that are fraction…","_links":{"self":[{"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/posts\/29231"}],"collection":[{"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/comments?post=29231"}],"version-history":[{"count":0,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/posts\/29231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/media\/29232"}],"wp:attachment":[{"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/media?parent=29231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/categories?post=29231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acprimetime.com\/wp-json\/wp\/v2\/tags?post=29231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}