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James F. Bauerle is quoted in the Pittsburgh Business Times about clients looking to acquire assets of failed banks from the Federal Deposit Insurance Corporation.

James Bauerle, director of legal and business services at Downtown-based Keevican Weiss Bauerle & Hirsch LLC, which also has an investment banking ancillary business, said he has represented California-based investor groups that have successfully acquired asset pools auctioned by the FDIC, “including assets located in Pennsylvania. Other investor clients from western Pennsylvania are acquiring assets in Sun Belt states, where the majority of assets being auditioned are located.”

Bauerle, who would not identify individual clients, believes the best opportunities are in commercial real estate, such as hotels or office buildings.

“Experienced real estate investors can reposition the assets and work to improve cash flows, which makes the assets’ value rise,” Bauerle said. “In rare cases, when the location is especially good, the properties can be redeveloped for other uses.”

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