REAL ESTATE
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Irvine’s Essex Realty debuts troubled assets program
The top management firm in Orange County will be able to help in a variety of troubled real estate solutions.
By Susan BelknappPublished: September 02, 2009 02:50 PM
Irvine-based Essex Realty Management, one of the top regional management firms in the Western United States, announced the launch of its distressed asset program.
In an effort to help building owners of troubled properties survive and thrive in today’s difficult market, Essex will be able to assist with a variety of tenuous real estate situations such as the management, leasing, and/or redevelopment of real estate owned (REO) properties as well as receivership and asset management for underperforming loans.
“Our primary goal is to help those associated with distressed properties overcome obstacles, solve problems and find the most productive and value-added path forward for troubled assets,” says Craig Ersek, principal and executive vice president of Essex Realty Management. “Secondly, the distressed asset program is designed to help our clients understand the true value of their property in addition to offering a complete array of options.”
The new program combines Essex’s expertise in property management with receivership and assets services with Essex’s expertise in property management, leasing and construction management to offer both creditors and debtors a comprehensive strategy for their holdings.
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Irvine-based Essex Realty Management, one of the top regional management firms in the Western United States, announced the launch of its distressed asset program. In an effort to help building owners of troubled properties survive and thrive in today’s difficult market, Essex will be able to assist with a variety of tenuous real estate situations such as the management, leasing, and/or redevelopment of real estate owned (REO) properties as well as receivership and asset management for underperforming loans. “Our primary goal is to help those associated with distressed properties overcome obstacles, solve problems and find the most productive and value-added path forward for troubled assets,” says Craig Ersek, principal and executive vice president of Essex Realty Management. “Secondly, the distressed asset program is designed to help our clients understand the true value of their property in addition to offering a complete array of options.” The new program combines Essex’s expertise in property management with receivership and assets services with Essex’s expertise in property management, leasing and construction management to offer both creditors and debtors a comprehensive strategy for their holdings. NEXT PAGE >> Related headlines Irvine’s Plaza Bank covers your assets 3000 The Plaza in Irvine acquired by Geoffrey Edmunds & Associates 'OC METRO Minute,' Aug. 28: Online interest in O.C. homes up Three O.C. homes named among Top 10 Coolest Beach Homes O.C.'s median home price falls 7 percent from July '08 |
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