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Hedge Fund Manager Kyle Bass Acquires Stake in Distressed Texas Real Estate

Founder of Hayman Capital Management Nabs 50% Equity in Four Real Estate Firms
The Statler Hotel is a 20-story, 161-room hotel in downtown Dallas. (CoStar)
The Statler Hotel is a 20-story, 161-room hotel in downtown Dallas. (CoStar)

Dallas hedge fund manager Kyle Bass, who predicated and bet against the U.S. subprime mortgage crisis in 2008, has made a new kind of bet by taking a stake in four real estate development and management companies that own what he calls "distressed real estate projects" in the North Texas region.

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