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Ranieri’s Situs buy to pave way for European distressed debt giant

Lewis Ranieri, the US finance visionary who helped pioneer mortgage-backed securitisations at Salomon Brothers in the 1980s, has bought The Situs Companies, the real estate advisory firm. The deal could pave the way for a Ranieri–controlled operation to bid on European distressed real estate debt.
By James Wallace
October 10, 2011 | 7:00 P.M.

Ranieri has bought Situs, which has advised on more than 40bn European real estate debt since entering Europe seven years ago, through Helios AMC, the S&P and Fitch-rated commercial real estate special servicer.

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News | Ranieri’s Situs buy to pave way for European distressed debt giant