This paper intends to present the opportunities emerging for the national
economy, out of the financial crisis. In particular the management of those,
which arise from the commercial real estate owned property sector, defined by
the author as crisis heritage management. On one hand, as real estate property
prices are subject of wide fluctuations, the longer possession of such assets
can seriously impact the financial condition of the already shattered financial
institutions, but on the on other - with the help of professional and proactive
management, and the right kind of attitude by all the stakeholders, the
heritage left out of the financial collapse, can not only help stabilize the
system - bringing liquidity into it, but can also support its healthy corporate
governance in the long-term. The properties themselves (business buildings,
warehouses, retail-and-office spaces), being an object of optimization of
maintenance costs, re-engineering, intensive marketing, as a result of the
crisis, can serve as a solid base for number of new and profitable business and
investment opportunities, described in the article, as a proof of the healing
effect of the financial crisis and the second chance it gives.Comment: Presented at the 2013 Sofia Business School Master Classes in Global
Risks Managemen