Distressed Assets
Many lenders, servicers and equity investors are confronted with large numbers of non-performing commercial real estate assets. These firms need the special attention of an experienced owner/operator working to preserve the assets and take a proactive role in directing property operations, even in cases where they continue to have the borrower or general partner still in place. Somerset provides that expertise for our clients. We specialize in stabilizing and repositioning distressed assets through intensive asset management oversight, or on-site property management and leasing.
We understand the complexity of operating with limited cash, controlling expenses, increasing revenue, and retaining tenants. Somerset will stabilize operations, develop a marketing plan to prepare a property for sale and will actively manage the marketing process until maximum value is realized.