“We have combined the best elements of innovative marketing with the traditions of relationship brokerage.”
Brad Minsley, Site Acquisition Manager/Partner
With a solid history of strategic decision making and proven success, Phillips Development & Realty, LLC (PDR) has a respected roster of investment partners. These relationships allow Phillips Asset Recovery (PAR) to act swiftly and decisively when presented with opportunities. Currently sourcing funds to take advantage of real estate in the current credit climate, PDR is utilizing its relationships with brokerage and equity firms to rapidly acquire or dispose of distressed projects, recognizing assets’ full potential.
PAR has a track record of execution on challenging projects. Brad Minsley, Duke University and London School of Economics graduate, leads PAR’s experienced disposition team. With backgrounds in land use and entitlement, our experienced professionals carry projects through from REO to disposition.
Today’s economic conditions have created a demand for a team that has the ability to evaluate, plan, market and execute a disposition. The PAR team’s ability to evaluate a commercial property’s value is what drives our plan to market a property. The PAR team will ensure the property value is realistic and in step with the economic conditions prior to developing the marketing plan. PAR has all the resources required to service of your real estate needs.
The following are value propositions as part of the turn-key PAR program.
The PAR team has a database of over 11,000 qualified real estate buyers to help deliver maximum exposure of your asset to potential buyers. A sample list of buyers is on the next page.
PAR’s team has been an active across the Sunbelt with intimate knowledge of every 1st and 2nd tier market spanning from Raleigh to Miami and as far west as Phoenix. PAR’s realtime market knowledge will help give you an edge in understanding changing micro-market conditions that can affect your asset’s future value.
One of PAR’s major strengths is the land entitlement process. Knowledge of increasing or decreasing barriers to entry within a micro-market is critical to determining impacts upon future constraints on supply, which will directly impact rental growth and value.
PDR has closed over $500mm of real estate development financing during the preceding three years, utilizing various unconventional tactics including federal programs such as the HUD 221d4 and HUD 223f programs, Community Development District and Municipal Utility District bonds, Registered Securities, Syndications and Limited Partnership offerings. PAR is prepared to assist potential buyers in developing creative fi nancing solutions so they may acquire assets during this liquidity-constrained period.
