Episode 47: The Most Hated Asset Class - US Office Buildings. Terence Kim, Managing Director at Cross Ocean Partners

My guest today is Terence Kim from Cross Ocean Partners. Cross Ocean Partners is a global credit investment specialist focusing on value investing and downside protection through opportunistic sourcing. Terence is a Managing Director on the US Credit team. Our conversation today will revolve around one of the most interesting sectors in all of global finance, US office buildings. Between remote work and high interest rates, the sector is so hated this era is known as - the office apocalypse.  Previously at Goldman Sachs and Oaktree, Terence has spent the last ten years at Cross Ocean. This is an ideal perch from which to view the current state of the office market from an opportunistic investment perspective. 

This podcast was recorded on July 23, 2026.  The respective opinions expressed are those of Mr. Kim and Cross Ocean Partners.  The opinions referenced are as of the date of this podcast and are subject to change without notice.  This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector.  Forward-looking statements are not guaranteed.  BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate.  The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.  Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.  

Biltmore Family Office, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about BFO’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.