Friday, May 22, 2009

NAI Realvest forms Special Asset Services Group to Focus on Distressed Properties


ORLANDO, FL - NAI Realvest has formed a Special Asset Services Group, a division of the firm that will focus on distressed commercial properties.

Patrick Mahoney, (top right photo) chief operating officer at NAI Realvest, said the group has already accepted six commercial property listings from area banks valued in excess of $10 million.

Mahoney said NAI Realvest’s Special Asset Services Group is working with banks and other lenders to negotiate the sale of land, development sites, unfinished condominiums under-performing commercial assets and similar properties.

The Special Asset Services Group includes Mahoney and NAI Realvest chairman emeritus George Livingston, (top left photo) managing partner Paul P. Partyka, (bottom right photo) and principals Kevin O’Connor, Christie Alexander, (bottom left photo) Tom Hankins and Ken Runge.

For more information, contact:

Patrick Mahoney, President and COO NAI Realvest, 407-875-9989, pmahoney@realvest.com

Larry Vershel, Larry Vershel Communications, Inc. 407-644-4142 lvershelco@aol.com

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