Companies Team Up In Asset Management Alliance

-based Real Estate Fiduciary Services (REFS) has formed the Asset Management Alliance in response to the growing number of investors, lenders and owners with financially distressed and underperforming assets. Led by REFS President John Baczewski and comprising eight senior-level real estate practitioners, the alliance provides comprehensive services designed to protect and preserve real estate investment value in today's ever-challenging marketplace. "This alliance is unique in both the breadth and depth of the asset management expertise it offers," says Baczewski. "It joins together seasoned real estate veterans whose experience covers all disciplines of the profession – across all capital structures, product types and markets – and through multiple industry cycles." In addition to Baczewski and REFS Principal Francis Decker, the alliance includes Bruce Fernald and Mark Briggs, principals of Black Diamond Capital Advisors, an Atlanta firm that provides capital sourcing and advisory services for commercial real estate clients; David Lester, president of Lester & Associates, an Atlanta marketing-communications firm specializing in real estate; Debra Williams and Ned Williams, principals of Vector Real Estate Advisors, an asset management and consulting firm based in Virginia Beach, Va.; and Hunter Richardson, CEO of Richardson Development Group, a real estate development and project management company in Reston, Va. The alliance's services are available on an episodic or ongoing basis. "We can focus on a specific project, augmenting the client's internal staff," Baczewski explains, "or, we can act as the in-house real estate team, managing the client's entire portfolio." SOURCE: Real Estate Fiduciary S


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