Strategic Value Partners Real Estate Continues Expansion with Hire of Andrew Shore, Following $3.4 Billion-Plus of Investments in Opportunistic Real Estate After COVID

GREENWICH, Conn., Dec. 2, 2025 /PRNewswire/ -- Strategic Value Partners, LLC and its affiliates (together, "SVP"), a global alternative investment firm focused on opportunistic credit with approximately $22 billion of assets under management, today announced that Andrew Shore has joined SVP as a Managing Director, focused on real estate investment activities across North America. SVP's real estate team, led by Mike Ungari, has invested more than $3.4 billion since COVID across both the U.S. and Europe, and is now 16 strong.

"Andrew Shore brings extensive experience sourcing, executing and operating complex U.S. real estate investments to SVP's growing team," said Mike Ungari, Head of Real Estate at SVP. "He will enhance our capabilities as we continue to address a range of investment opportunities globally."

Most recently, Mr. Shore was a Managing Director at Davidson Kempner on the U.S. Real Estate team where he led investments across a range of real estate sectors. He previously was a Principal in the Ares U.S. Real Estate Equity team.

"Real assets account for about 40% of our investments," said Victor Khosla, Founder and CIO of SVP. "Given the ongoing property market volatility, we will continue to lean in to pursue this opportunity."

Since the global financial crisis, SVP's real estate platform has deployed approximately $5 billion into distressed real estate opportunities across North America and Europe. SVP's edge in sourcing and restructuring combined with its real estate asset management strength has resulted in numerous transactions across multiple sectors including:

Retail:

Office:

Residential:

Mike Ungari joined to lead the team in 2024 from Goldman Sachs, where he was the partner responsible for the firm's U.S. opportunistic and value-add real estate portfolio. Since his arrival, SVP has greatly expanded its team to take advantage of the opportunity ahead. Senior team members include:

About SVP

SVP is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit, and financing opportunities. The firm uses a combination of sourcing, financial, and operational expertise to unlock value in its portfolio companies. Today, SVP manages approximately $22 billion in assets under management and, since inception, has invested more than $57 billion of capital. The firm, established by Victor Khosla in 2001, has over 200 employees, including more than 100 investment professionals, across its main offices in Greenwich (CT), New York and London, and presences in Tokyo and Dubai. Learn more at www.svpglobal.com.

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SOURCE Strategic Value Partners