Management
BSLF 1 will be organized and managed by Black Swan Advisors, a California LLC organized for this venture in 2008 (BSA).
BSA and BSLF 1 have been organized by Charles McLaughlin, a 35 year veteran of the real estate industry. Mr. McLaughlin has been a developer and investor in single/multi family projects, office buildings, neighborhood retail, and residential land development. Mr. McLaughlin has also served as a federally appointed Chapter 11 bankruptcy trustee and was President of a public REIT.
Over the past 3 years McLaughlin has extensively researched the US public homebuilding industry as a guide to his personal equity investing, exclusively from the short side. His research has included mortgage companies, REITs, investment banks, and the status of the US banking industry as a back ground for the real estate markets. McLaughlin acted as an advisor to a major hedge fund which was acquiring Credit Default Swap positions on the major real estate companies, including homebuilders and mortgage companies. Mr. McLaughlin’s research is published and available on the BSA website (www.blackswanadvisors.net).
McLaughlin disposed of all of his real estate holdings in 2005/2006 and currently has no other real estate interests (other than his primary residence).
He graduated from Notre Dame and Harvard Business School.
BSA is in the process of building a team of professionals with skills suited to distressed asset investments. BSA will focus on individuals well versed in market research and IRR sensitivity in addition to real estate transaction experience.
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