Right now the sentiment towards the US Masters Residential Fund is about as bad as it can get.
The URF, which was created in 2011 to snap up distressed properties in Hudson County, New Jersey, now owns $1.3 billion of real estate in the area and its surrounds.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
