NAI Global Launches Special Asset Solutions Group to Focus on Distressed CRE Portfolios

NAI Global has formed a Special Asset Solutions™ group to assist clients with financially distressed real estate assets and REO.

The new group concentrates NAI Global’s resources across multiple disciplines and markets to provide banks, financial institutions, special servicers and other holders of REO assets with the full spectrum of services an asset is likely to require throughout the ownership cycle. The group’s offerings include loan sales and restructurings, asset and property management, receivership, due diligence, valuation, leasing and disposition.

“With a large number of assets coming under their supervision over the next 12-24 months, lenders are having to adapt to a new role as de facto property owners,” notes NAI Global President & CEO Jeffrey M. Finn. “This realignment of our established service lines enables understaffed REO departments to focus on their core competencies while proactively dealing with their nonperforming loans and REO.”

NAI’s Special Asset Solutions™ team, led by Executive Vice President Rhyne Brown, works with the client to assess the physical asset, preserve and enhance the asset’s current value, mitigate risk and put a strategy in place to dispose of the property or loan. The team is supported by the local expertise of 5,000 professionals in over 325 NAI offices worldwide.

“While there are a variety of issues that must be addressed along the way, the ultimate goal for many of our clients is a successful disposition,” Brown says. NAI employs a variety of disposition methods, from traditional marketing to loan sale programs and accelerated marketing programs like the Commercial Property PowerSale™, NAI Global’s online property auction platform. NAI’s disposition expertise runs across all property types and ensures broad exposure to commercial real estate investors across the U.S. and worldwide.