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."
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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