Assignments

Drawn into advisory during the financial crisis in 2009, our founder has advised clients on portfolio and individual capital strategies and asset/loan originations and restructurings in excess of $3 billion of asset value with extraordinary success. Our assignments extend to many cities across the United States, depending on where the client or assets/portfolio resides, and the types of activities we have performed include: debt/JV workouts, new debt/equity originations, portfolio loan restructures, portfolio realignment, asset sales, asset plan revisions (including directing changes in property use), discounted loan payoffs, loan sales, restructured joint ventures, loan covenant violation waivers, lender forbearance/extensions, HNW family/generational shifts, and maximizing asset values and cash flows (as well as timing of capital market decisions) in conjunction with leasing, accounting (including REIT JV OP/TRS and consolidation issues), and operating/capex expense decisions. Capital sources have included banks (domestic and foreign money center, regional and community banks), life companies, CMBS lenders (including working with Special Servicers), private and public REITS, pension funds (and their advisors), hedge funds and private investors.

Sample Assignments:

• Advisory of a $100+ million grocery-anchored trophy-location strip retail center slated for redevelopment and in need of recapitalization, where recognizing i) the unique asset and market circumstances (regarding entitlement, development and operations), ii) various capital market alternatives that could apply to various asset strategies, iii) the owner's unique circumstances, and iv) the ability to execute on many different scenarios simultaneously (refinancing, JV, subdivision or sale), led to an extraordinary recapitalization;
• Advisory on a 30+ asset select service hotel portfolio across six states, multiple brands, multiple lenders and debt structures, derivatives and various partnerships resulting in a realignment and substantive repositioning and financing of the portfolio over a 3 year period pursuant to a disciplined strategy for ownership and guarantors, followed by intense growth initiatives requiring new capital for development and re-repositioning (taking advantage of the extraordinarily improved markets for sales and capital)
• Advisory for a non-profit with high profile real estate that could qualify for commercial use i) identifying asset and capital approaches, opportunities and challenges, ii) coordinating stakeholder priorities and synchronizing prerequisite activities for capital pursuit alternatives, iii) building a team to fulfill client objectives, and iv) overseeing the capital solicitation, navigating the market alternatives, and negotiating the transaction and documents
• Advisory of a large office building regarding a $400 million loan, $150 million mezz debt origination, time and flexibility from lenders to re-tenant the entire 1.4 million s.f. of office space, and ultimate recapitalization
• Advisory of an office building with loan maturities on senior and mezz debt in an emerging submarket regarding simultaneous lender forbearances, tenant negotiations, repurposing portions of asset for alternative use (multifamily), discounted payoff and multiple options for owner to refi, JV and sell
• Advisory on various family owned portfolios primarily in the capacity to advise and educate heirs of the complexity, value and issues of their inheritance with respect to commercial real estate assets (typically clients in this category have a share in a $1 billion {or greater amount} portfolio of CRE assets)

References and testimonials regarding our services on various projects are available from many clients, as well as their counsel and other professionals involved in the transactions. John’s clients and accomplishments are notable and involve some of the largest transactions in many markets across the United States for office, hotel, residential, retail, industrial, self-storage and land assets.