Real estate restructuring and asset management
Traditional methods combined
with proprietary risk intelligence
at market, entity and portfolio level.
Our services
Shaped by thirty years of CRE experience and one of the largest European real estate restructurings after 2008.
Portfolio
restructuring
Timely repositioning of portfolios and renegotiation of their debt financing. We secure the best achievable new conditions with lenders and take over the entire execution, from the first assessment to the final agreement.
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wind-down
Stepping in as interim CEO or CFO to merge or wind down real estate companies, from the disposal of the remaining assets and settlement with lenders and creditors through to the final deletion from the commercial register.
More →Reputation and
crisis communication
Through the communication of the management, we protect the interests of the company and the personal legal position of those who take the decisions, towards lenders, investors, boards, authorities and the public.
More →About us
We started as a negotiation team in one of the largest European bank restructurings after 2008, jointly responsible for a real estate portfolio of around EUR 1 billion. Today we bring that experience to owners, lenders and investors.
Christian Schitton
Co‑FounderBuilding on thirty years in real estate investment, financing and restructuring across the DACH region and CEE, Christian steps in as CEO or CFO for company wind-downs and the liquidation of real estate portfolios.
LinkedIn
Dženeta Schitton
Co‑FounderCombining a legal and restructuring background with crisis communication, Dženeta helps management protect their personal position and the interests of the company throughout restructuring and wind-down processes.
LinkedInBetter prepared for the next cycle
What we learned in the last crisis now drives our own AI-supported market intelligence.
The Illusion
The Illusion of Safety
Conventional risk assessment looks backward and overlooks the real risk. It relies on transaction data that lags the market by months, and on models that measure ordinary fluctuation rather than severe decline, a gap that widens precisely when conditions turn.
The Market
Market Intelligence
We read the market as it unfolds. Transaction data takes a year to reflect a shift. We assess the market's direction through the narrative shaping it now, across twenty‑five years of institutional and market communication and see today what the figures are yet to confirm.
The Risk
Extreme Risk
We capture risk where it matters most: in the extremes, not the averages. Utilizing statistical models specifically tailored for market behaviour under stress, we assess real estate investments by their potential for extreme tail risk, an exposure that conventional risk classifications consistently understate.
Market Sentiment Index · Austria
A monthly measure of how institutions and market participants speak about real estate, analysed since 2003. Choose a series to compare the sentiment with hard market data.
Bringing the real estate industry out of the dark
The real estate market produces a great deal of data. Today we are able to measure and analyse it to see the full picture, and help companies make timely use of it.
D‑DARKS in the media
Selected publications, interviews and talks.
immobilien investment · Oct 2026D‑Darks-Analyse: Sentiment-Index steigt, bleibt aber unter Erwartungen
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FONDS professionell · Sep 2026Immobilienfonds: „Das Produkt auf die richtige Größe konsolidieren“
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immobilien investment · Jul 2026Marktstimmung messbar machen: immobilien investment kooperiert mit D‑DARKS
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TU Wien · IMMO Insights · Jun 2026