THE CHALLENGE:
In the midst of the Great Recession, the formidable tasks were to acquire the distressed first mortgage, lease the vacant space, correct the deferred maintenance, resolve the code violations, settle pending litigation and secure new permanent financing.
THE SOLUTION:
A proactive and hands-on approach was crucial. Direct, on-site engagement with tenants, the property manager, contractors, leasing agents, and legal counsel ensured the property navigated the Great Recession successfully.
“Kevin took a very trouble asset, turned it around and made it a complete winner for one of our very valued Morgan Stanley clients.”
Andrew Devito, Morgan Stanley, Financial Advisor to the Tobin Family Land Trust
