A new Austin company is growing its distressed asset portfolio in the Sunshine State while planning to grow its footprint here. Austin-based Asset Revitalization Solutions recently acquired $10 million in distressed commercial property loans in Florida. The loan portfolio will be secured by 18 properties, mainly office space. Coupled with an earlier portfolio bought for $18 million, the company has $30 million in Florida assets. The lucrativeness of the distressed loan market and ARS’s faith in its experienced people have the company officials expecting to amass a $300 million loan portfolio by the end of the year.