NAI Bluestone Real Estate Capital LLC, a real estate investment banking and advisory firm headquartered in Philadelphia, has formed the Bluestone Asset Resolution Group, an advisory group that targeting distressed commercial real estate owners and lenders.
NAI Bluestone's services include asset valuation via sales comparison, income approach and replacement cost, property-level due diligence, financial modeling, strategic planning and capital markets insight to generate viable workout structures. The group will also generate purchase and financing offers for real estate companies from its pool of national and international lenders and investors.
"Our distressed real estate and capital markets experience, combined with our vast network of investors, buyers and the nation's top bankruptcy attorneys, enable NAI Bluestone's Asset Management Group to secure viable capital sources that ultimately become the solution to work out mandates," says Matthew McManus, chairman of NAI Bluestone Real Estate Capital.
NAI Bluestone's team has successfully navigated though numerous bankruptcy reorganization workouts where the solution in each case entailed the sale or recapitalization of the property, the company notes.
SOURCE: NAI Bluestone Real Estate Capital