FOR IMMEDIATE RELEASE Helios
AMC Acquires The Situs Companies NEW YORK,
NY, October 7, 2011 -- Helios AMC, a rated special servicer sponsored by
Ranieri Partners that provides commercial real estate debt and equity
management services, announced that it has acquired The Situs Companies, a
global real estate advisory firm. The
combined company will operate as The Situs Companies. For the last 26 years, The Situs Companies has offered
a full range of commercial real estate services, including strategic advisory,
due diligence, valuation services, loan servicing, asset management, variable
and dedicated back office outsourcing, brokerage, disposition, and industry
leading technology solutions.
Helios CEO D. Keith Johnson will serve as CEO of
the combined platform. The Situs principals
will assume leadership positions with co-Founder Ralph Howard serving as the
President of Europe, Steve Powel, serving as President of North America and co-Founder
Martin Bronstein serving as President of Situs Asset Solutions. The Helios AMC principals, led by Eric Lindner,
co-Founder and Executive Managing Director, and John Maute, co-Founder and
Managing Director, will continue in their current roles, overseeing the
distressed asset acquisition and special servicing business.
The combined company employs over 400 professionals
and is headquartered in Houston, TX, with 12 offices across the United States
and Europe.
Johnson said: “We feel we have created the most comprehensive
services platform in the industry focused on commercial real estate. With experienced professionals across the platform
and a preeminent management team, the combined company offers clients a
compelling strategic value proposition.
We look forward to global opportunities as we take advantage of the
complementary footprint and expanded services.”
Situs provides a global multi-discipline commercial
real estate services platform with scale, geographical coverage, and an
industry leading reputation. The Helios team
brings extensive global experience in special servicing, asset management and
distressed debt acquisition and resolution.
“Helios sponsorship allows us to maintain our top tier position as a third-party
provider of services, which was the primary consideration when selecting a strategic
partner,” said Powel.
Ranieri Real Estate Partners LP served as financial
advisor to Helios AMC and Duff & Phelps LLC served as financial advisor to
The Situs Companies.
About
Helios AMC
Helios AMC is a rated special servicer
providing a full range of commercial real estate debt and equity management and
investment services for opportunistic investors, financial institutions and
portfolio lenders. The Helios AMC team
comprises seasoned professionals with extensive experience in special
servicing, asset management and distressed debt acquisition, management and
resolution
About
Situs
The Situs Companies is a leading provider of
commercial real estate services and business solutions to the global financial
services industry. Since 1985, clients
have relied on Situs’ trusted insight and experience. Combining creativity, flexibility and
strategic planning, Situs offers services including, Real Estate Consulting,
Strategic Real Estate Advisory, Loan Servicing and Asset Management,
Outsourcing Solutions, Brokerage Services and Technology Solutions.
Media contact
For Helios:
Owen Blicksilver
Public Relations, Inc.
Kristin Celauro
732-291-5456
For Situs:
Jan Sternin
212-294-1346
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