Distressed Asset Sales, Restructurings and Workouts

Savills Distressed Advisory Group is a dedicated team of experienced professionals with an unsurpassed  track record in restructurings, workouts, sales and advisory assignments relating to distressed real estate that extends back more than 25 years and covers several market cycles and more that $40 Billion of transactions. The Group focuses on assisting clients with exposure to troubled real estate, identifying strategies for reducing and modifying that exposure, and assisting other clients in identifying and taking advantage of the investment opportunities presented by turbulent real estate markets. 

Our services in this area include:

Portfolio and Asset Sales

• Have executed over $2.5 Billion in distressed asset sales
• Market leader in portfolio valuation and value-maximization strategies, skills that are critically important in times of financial stress
• Specialize in the disposition of large, complex portfolios and assets
• Represent unintended fee owners (REO), special servicers and owners/borrowers experiencing financial stress or imminent payment default

Mortgage Note Sales

• Have executed over $5 Billion in distressed note sales, backed by all major property types
• Provide both valuation and transaction execution services

Recapitalization

• Have executed over $20 Billion in recapitalization transactions
• Deep experience assisting property owners and property companies, and their lenders, with liquidity needs, and have done so through several market downturns
• Our capital reach includes domestic and international investors who acquire joint venture interests, make preferred equity and mezzanine investments, invest in operating companies and make programmatic investments alongside sponsors
• Investment structures include:
  • Sale of joint venture interests and/or preferred equity to facilitate an exit and/or to introduce new equity
  • "Gap Equity" funding that fills the void between refinancing proceeds and existing equity
  • Corporate or entity-level equity and debt raises
  • Programmatic joint venture investments

Pre-Default Advisory

• Provide conflict-free advisory services to borrowers, lenders and purchasers of real estate debt
• For borrowers and lenders, we provide assistance prior to, and in an effort to avoid, the occurrence of an actual event of default
• For large corporate real estate owners facing the prospect of default on major lines of debt, we provide advice in restructuring and recapitalizing their portfolios and/or umbrella entities in order to pay off lenders and avoid default and filing.

Restructuring and Bankruptcy Advisory Services

• Creditor advisory
• Debtor advisory
• Valuation of debt instruments, portfolios and underlying properties
• The Group's professionals have decades of experience providing real estate advisory services to creditor's committees and individual lenders, as well as to debtors and debtors-in-possession pursuing a restructuring of their obligations
• We have advised in over $13 Billion of transactions of this type, including some of the largest and most complex real estate related bankruptcy cases:
  • Enron
  • Olympia & York
  • Ames
  • Kmart
  • Sunterra
  • Atlantic Gulf Communities
  • Mortgage and Realty Trust
  • Wedgestone Financial

Investment Advisory

• Assist clients in the opportunistic acquisition of distressed debt and fee real estate interests including sourcing, valuing and negotiating the acquisition of such assets
• Arrange financing for the acquisition of such assets

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