Commercial Realty Resolution (CRR) is an integrated asset management and advisory firm serving the needs of lenders, investors, government entities and select borrowers that control, hold or invest in troubled commercial real estate debt and equity assets. We provide the full range of services necessary for the loan resolution and asset workout process, including:
Strategic Asset Management and Advisory
Property Management
Receivership Assignments and Trustee Advisory
Outsourced Workout Team
Strategic Asset Management and Advisory
CRR will develop and implement a Strategic Asset Management Plan designed to maintain and enhance the value of a real estate asset or portfolio of assets within the parameters of our client’s objectives. CRR draws upon the firm’s in-house capital markets expertise and analysis as well as its deep relationships with trusted third-party providers to develop an effective Strategic Asset Management Plan consisting of a comprehensive marketing, leasing, advertising, repositioning and disposition strategy. CRR will then oversee implementation of the Strategic Asset Management Plan by managing and directing CRR’s in-house property management team and third-party providers with the goal of optimizing revenue streams and tenant retention while implementing expense controls.
In addition to developing and implementing an asset-level strategy, CRR can assist with strategy and tactics related to negotiations with our clients’ counterparties. Our principals have negotiated resolutions including loan modifications, forbearance agreements, discounted payoffs, foreclosure actions, note sales, bankruptcy reorganizations and liquidations. Additionally, our experience covers all loan products including land acquisition and development, construction, permanent loans, mezzanine and bridge financing, joint ventures and securitized loans.
Our approach to Strategic Asset Management and Advisory involves:
• Gaining a thorough understanding of our client’s goals
• Analyzing current market conditions and trends
• Evaluating the collateral to determine its value
• Developing a written Strategic Asset Management Plan for the underlying asset
• Overseeing and managing implementation of the Strategic Asset Management
• Plan and providing regular reports to our client
• Devising an appropriate negotiation strategy which may involve forbearance, a modification, or a discounted payoff. We negotiate settlements where possible and enforce rights when necessary
• Disposing of the asset at the optimal price and point in time
• Treat our client’s investment as if it were our own
Case Studies: Asset Management
Property Management
CRR’s team has extensive experience in property management. CRR has managerial experience with most property types and the development process.
Our property management services include management of daily building operations, maintenance, accounting and financial reporting, contract management, lease administration, budget development and implementation of leasing strategies.
Our approach to Property Management involves:
• Implement marketing, leasing and advertising strategies that maximize property exposure and competitiveness
• Analyze day-to-day operations and implement operating efficiencies
• Introduce new services and amenities to improve tenant environment and capture incremental revenues
• Manage tenant relations with the aim of maximizing tenant retention
• Oversee and direct third-party contractors to complete construction, if applicable
• Provide superior customer service consistent with our client’s objectives
Case Studies: Property Management
Receivership Assignments and Trustee Advisory
CRR possesses the expertise to provide receivership services for bankruptcy and foreclosure cases. CRR provides impartial, unbiased oversight, management and disposition services for debt and equity assets. CRR has the in-house property management expertise required to preserve and enhance the value of assets under our care and to provide timely, accurate reports to our clients regarding their asset or assets.
Our approach to Receivership and Trustee Advisory involves:
• Immediately securing and stabilizing the property
• Ensuring tenant retention by fostering a positive relationship with existing tenants
• Developing and implementing a Strategic Asset Management Plan for the property
• Overseeing and managing implementation of the Strategic Asset Management Plan and providing regular reports to our client
• Court appointed property manager
• Disposing of the asset at the optimal price and point in time
• Treat our client’s investment as if it were our own
Outsourced Workout Team
CRR is equipped to provide staffing for management and orderly liquidation of a portfolio of commercial real estate loans and assets. CRR can help reduce the burden on an in-house asset management team while bringing $5 billion of immediate workout expertise to our clients. Our assistance can help reduce management distraction, time, and expense related to increasing headcount while offering valuable, seasoned workout capabilities. In addition, CRR brings a fresh and objective perspective to an existing portfolio of distressed assets to develop new and novel repositioning strategies which maximize the value of our clients’ assets.
We combine real estate financial expertise with asset-level commercial real estate experience to reposition and manage performing, sub-performing and non-performing commercial loans and equity assets.