JV Receives FDIC Certification

has been formed and contracted by the Federal Deposit Insurance Corp. (FDIC) to provide the agency with a variety of real estate services for properties associated with bank takeovers and liquidations. Next Wave Advisors Inc., a joint venture from Third Wave Partners, Portfolio Property Advisors LLC and The Moote Group, has been certified by the FDIC to assist in bank workouts, asset valuation and repositioning, construction services, disposition and environmental due diligence. Next Wave will also act as principal to acquire or recapitalize FDIC assets, according to the company's president, Dean Lyons, who adds the joint venture's principals have experience in previous FDIC asset portfolio liquidiation, as well as with the Resolution Trust Corp. during the S&L crisis. SOURCE: Next Wave A

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