Special Asset Solutions

Gladstone is uniquely qualified to preserve and enhance the value of distressed residential real estate assets controlled by financial institutions. Gladstone’s corporate leadership stands ready to stabilize and secure the value of your portfolio.

Asset Preservation & Revitalization

In today's adverse market conditions, Gladstone's track record of sustained corporate resilience is grounded in a prudent approach to real estate investment, bold ideas, creative strategies, and an eye for minimizing downside risk. Our extensive experience uniquely positions us to rescue and resuscitate distressed communities.

Gladstone can develop and implement a strategic plan to mitigate price erosion, add value to select properties, and strengthen a bank's position to dispose of them through the following measures:

Renegotiate annexation and development agreements with relevant governmental jurisdictions to reduce costs by obtaining more efficient housing and land planning designs, site engineering modifications, fee concessions, and the restructuring of off-site obligations.
Inventory on and off-site horizontal improvements to understand remaining or deficient obligations, and manage the site development process to achieve final municipal acceptance.
Reconcile letter of credit balances to accurately reflect site work performed and seek merited reductions.
Inventory vertical construction to establish building schedules, reconcile open vendor invoices, negotiate vendor pricing, and provide accounting services and lien waiver management.
Develop and implement a sales and marketing strategy to reduce bank debt liability by selling existing inventory and/or building out properties as contracts are procured for the remaining units.
Provide increased efficiencies to manage homeowners’ associations by renegotiating service contracts and enforcing covenants, conditions and restrictions.
Ensure home warranty issues are addressed properly and in a timely manner.

These initiatives require amending binding contracts for which bilateral support and terms of mutual benefit are imperative. Their successful execution is assured with our consensus building acumen, insightful diplomacy and consummate negotiating skills.

For more information, or to schedule a review of your distressed assets, please contact:

Adam L. Dontz
Vice President
Acquisition & Government Relations
Office: (630) 428-4000, ext. 101
Cell: (630) 201-6148
adontz@gladstonesas.com