Restructuring Expert Recap Advisors Changes Name to CAS Financial Advisory Services

By Keat Foong, Executive EditorDallas—Financial advisor and asset manager Recap Advisors has changed its name to better reflect its broadened capabilities. CAS Partners announced that Recap Advisors, its financial advisory services and asset management business unit, is now rebranded as CAS Financial Advisory Services.  The 20-year old CAS Financial Advisory Services “has been an acknowledged expert in the finance, restructuring and asset management of multifamily residential properties,” said Toni Portmann, CAS Partners CEO. Headed by CEO David Smith, the company had provided financial solutions for nearly 800 multifamily and affordable properties with assets of more than $4 billion.Since it was acquired by CAS Partners two years ago, CAS Financial Advisory Services was able to broaden its client offerings to include property management (through CAS Partners’ Riverstone Residential), construction management and capital planning. “This is a change of name that is an acknowledgment of our change in capacity and status,” said Smith. “It was time to have our external reality reflect our internal capacity.” Smith will continue to lead CAS Financial Advisory Services as the firm’s CEO, and Todd Trehubenko will continue as president. As in the past, the firm will provide complete financial services, including: asset management, advisory assistance, transaction design and execution, physical needs assessments and capital planning, plus energy and green audits.  The rebranding includes a rollout of a new Web site (, along with identity materials and a new CAS Financial Advisory Services icon. The company has recently relocated to new offices within Boston’s financial district. Currently the company oversees $4 billion in multifamily assets in four major asset classes: condominium loans, bonds and loans (including tax-exempt loans), sponsor equity and mezzanine loans.CAS Financial Advisory Services capital planning arm has overseen more than 6,000 capital needs assessments. Large institutional owners, capital providers and congressional policymakers have utilized the company’s depth of knowledge in complex commercial real estate financing.“Our team of experts demonstrates a comprehensive understanding of the asset class,” said Smith. “Combined with the CAS Partners’ platform, we can address larger, more complex projects to effectively position multifamily and affordable housing owners amid shifting markets and government regulations.” CAS Financial Advisory Services’s parent company CAS Partners’ other capabilities include insurance, utility, credit and purchasing services.