Strategic Asset Services

Underperforming Assets

In association with Lehman Brothers, Timberline successfully repositioned two underperforming assets in the Rocky Mountain Region of Colorado. The 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 mixed-use project and 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 participated in a strategic relationship with Land Interests, Inc and Paladin APM, Inc, to provide expanded services to banking and financial institutions such as Bank of America, Wells Fargo, US Bank, Key Bank and others. Timberline assisted in the analysis, management and disposition of a large portfolio of distressed assets. In conjunction with Timberline Commercial Real Estate, the following 2 organizations provided various workout services of existing assets:

I. Land Interests Inc 

  • Evaluation and Analysis of Distressed Assets

  • Asset & Portfolio Management

  • Property Management

  • Disposition Management

  • Construction Management

II. Paladin APM, Inc              

  • 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 several of these assets into a successful multi-tenant retail building with long term national retail tenants.