Colliers Abood Wood-Fay Launches Distressed Property Services Group
- Nov 20, 2008
Miami–Colliers Abood Wood-Fay recently launched its Distressed Property Services Group. The group brings together an integrated team of resources, disciplines and professionals with over 75 years combined experience in managing distressed assets in inflationary or recessionary markets. The Distressed Property Services Group offers investment sales; capital markets financing; acquisitions and dispositions for equity and debt; work-out exchanges; investment analysis and strategy; joint venture structures; advisory and consulting services; property re-positioning; receiverships and asset management; restructuring of troubled debt, property management and performance evaluation; valuation and appraisal and tax appeals.The Colliers team partners with clients in analyzing their financial risks, evaluating their options, identifying opportunities and recommending proven strategies that work, given the current market conditions.Each senior member of the team provides specialized backgrounds in sales, leasing, commercial asset management, valuation, banking, capital markets financing and property management to provide integrated solutions that fit specific investment needs. Michael T. Fay, Colliers Abood Wood-Fay president, is leading the Distressed Property Services Group. His background includes over 25 years of experience with work-outs, REO (Real Estate Owned) sales for several national, regional and local banks, life insurance companies, as well as state and federal courts.