Over the past 15 years,
Timberline Commercial Real Estate has performed a variety of Strategic Asset
Services for both small private investors and large financial institutions. The
Timberline Team uses its experience and creative thinking to assist in
resolving unique and complicated real estate related issues with an emphasis on
optimizing value on behalf of it clients.
Underperforming Assets
In association with Lehman
Brothers, Timberline successfully repositioned two underperforming assets in
the Rocky Mountain Region of Colorado. The Vail Gateway Building was a
failed mixed-use residential/retail building situated in a prime location in
Vail, Colorado. Timberline worked to re-zone the asset and converted former
retail spaces to both office and residential condominiums. The new condominiums
were successfully sold within the exit strategy timeline.
The Chapel Square Shopping Center
was an underperforming shopping center that had just lost Walmart as its
anchor tenant. Timberline worked to reposition the asset through renovation, a
revised branding of the property, and ultimately, new tenants – both
anchor and inline. Timberline worked with Lehman Brothers to sell the asset at
a price 50% greater than its adjusted basis.
Distressed / REO
During the unprecedented period
of real estate foreclosures in 2009, Timberline formed a strategic relationship
with 2 organizations headquartered in Southern California to provide expanded services
to banking and financial institutions such as Bank of America, Wells Fargo, US
Bank, Key Bank and others, to assist in their analysis, management and
disposition of distressed assets. In conjunction with Timberline Commercial
Real Estate, the following 2 organizations provide various services:
I. Land Interests Inc www.landinterestsinc.com
- Evaluation and Analysis of Distressed Assets
- Asset & Portfolio Management
- Property Management
- Disposition Management
- Construction Management
II. Paladin APM, Inc www.paladinAPM.com
- Receivership and Court Appointed Fiduciary Services
- Interim Executive Management
- Accounting, Tax Reporting, Compliance and Structuring
- Capital Market Structuring, Negotiations and
Execution
Excess Properties
After a large corporate merger
between a national grocery chain and a national drug store chain, the parent
company found themselves with a number of redundant retail locations.
Timberline assisted by acquiring and repositioning one of these assets into a
successful multi-tenant retail building with long term national retail tenants.
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