COMMERCIAL REAL ESTATE
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Voit opens Sacramento office
Expansion allows ‘boots-on-the-ground’ servicing of $150 million distressed commercial property portfolio.
By Kristen SchottPublished: May 10, 2010 09:16 AM
Newport Beach-based Voit Real Estate Services will serve as asset manager of a $150 million distressed commercial property portfolio in Sacramento. The firm is also opening a new office in the region.
The portfolio includes 12 assets that total 500,000 square feet of retail, office, industrial and multifamily developments.
“Distressed properties are distressed for a reason,” says John Strockis, Voit’s executive managing director of Asset Services. “Our charter is clear: Create value back into the assets using our experience as real-estate operators while minimizing risk to our client."
In addition, Voit, which has been active in the Sacramento market since 1971, is opening a new full-service commercial office in the area. This will be the seventh of its kind operated by the real estate firm in California, Nevada and Arizona.
The move is a part of the company's strategic expansion efforts throughout key markets in the Western U.S.
“The establishment of our office in Sacramento is part of an exciting ‘boots-on-the-ground’ campaign designed to make the Voit platform of services more accessible to investors, banks, financial institutions and special servicers for which we serve as surrogate owners of their distressed assets,” says Robert Voit, CEO of the firm.
Kevin Sheehan will oversee the Sacramento office.
Voit, which specializes in construction and development services, asset business plans, property and association and asset management, among other offerings, has local offices in Anaheim and Irvine, in addition to Newport Beach.
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The portfolio includes 12 assets that total 500,000 square feet of retail, office, industrial and multifamily developments. “Distressed properties are distressed for a reason,” says John Strockis, Voit’s executive managing director of Asset Services. “Our charter is clear: Create value back into the assets using our experience as real-estate operators while minimizing risk to our client." In addition, Voit, which has been active in the Sacramento market since 1971, is opening a new full-service commercial office in the area. This will be the seventh of its kind operated by the real estate firm in California, Nevada and Arizona. The move is a part of the company's strategic expansion efforts throughout key markets in the Western U.S. “The establishment of our office in Sacramento is part of an exciting ‘boots-on-the-ground’ campaign designed to make the Voit platform of services more accessible to investors, banks, financial institutions and special servicers for which we serve as surrogate owners of their distressed assets,” says Robert Voit, CEO of the firm. Kevin Sheehan will oversee the Sacramento office. Voit, which specializes in construction and development services, asset business plans, property and association and asset management, among other offerings, has local offices in Anaheim and Irvine, in addition to Newport Beach. Related headlines Irvine's Jamboree Housing moves forward on affordable apartment project Colliers' Orange County team directs sales totaling $3.8 million Irvine's gkkworks acquires L.A. construction firm |
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