Case Study AIG Portfolio
Location
Multi-state Portfolio
Sector
Capital Advisory
Capital Transactions
The Property
PUD Development, Out Parcels, Mobile Home Parks
Project Brief
Legacy Joint Venture held assets with substantial carry cost for Property Management and hold run rate. Objective to sell entire portfolio holdings.
Challenge
Legacy was decades-old with very limited information. Failed marketing of properties by JV Partnership.
Approach
OPAS, was hired as Master Broker to select the best local broker, manage the disposition process and make recommendations to Investment Committees on Buyer profiles, market, pricing and value.
Outcome
By hiring OPAS, and Outsourcing the task, the properties were sold above appraised value without the pressure on in-house resources.