News: Front Section
Posted: April 12, 2024
Atlantic Property Management tailors its platform for the special servicer industry
Boston, MA One of the largest commercial mortgage special servicers has awarded Atlantic Property Management, a boutique property management company part of Atlantic Retail, 3 property management assignments. Atlantic tailored its management platform to meet the unique needs of special servicers in the commercial real estate industry.
Atlantic continues to push its strategic, national growth with these new management assignments including 307-389 Hamilton St. in Geneva, NY; 2803 Brewerton Rd. in Syracuse, NY; and 300 Columbus Corners Dr. in Whiteville, NC.
"Our expansion into these 3 markets aligns with our commitment to deliver our customized property management solutions to a diversified investor pool,” said Chad Boulay, senior vice president of Atlantic Property Management. “We understand the unique challenges special servicers face and are well-prepared to provide them with the highest level of support."
Special servicers are entrusted with the critical responsibility of managing distressed or non performing commercial properties. Recognizing the distinct requirements of this segment, Atlantic Property Management is committed to delivering comprehensive and specialized property management solutions, leveraging their extensive expertise, resources, and cutting edge technology.
“The number of distressed and defaulted commercial loans will continue to increase in the near future,” said Boulay. “By leveraging the expertise and resources of Atlantic Property Management, special servicers can effectively manage distressed commercial properties, mitigate risks, and maximize returns for investors or lenders involved."
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
