LONDON--(BUSINESS WIRE)--Situs, the premier global provider of strategic business solutions for the finance and commercial real estate industries, today announced it has hired Taco Brink. Mr. Brink will join Situs RERC, a wholly owned subsidiary of Situs, as Managing Director and head of Situs RERC Europe, effective October 12. Mr. Brink is responsible for the development and expansion of Situs’ valuation management and advisory services in Europe, as well as playing an executive global role in the expansion of Situs RERC, reporting to Ken Riggs, President of Situs RERC.
Situs RERC’s business is centered around valuation management and advisory services, independent fiduciary services and valuation benchmarking, as well research and publication offerings to the global commercial real estate industry.
“I am incredibly excited to lead the expansion of Situs’ valuation services into Europe. European markets are increasingly turning to valuation management and related advisory services as banks and funds strive for greater independence under the watchful eyes of regulators and investors demand more transparency in valuation marks,” said Mr. Brink. “In addition to pressures from directives such as AIFMD, it is becoming best practice for European fund managers to use independent professional valuation review services. This practice instills confidence for their investors, increases transparency in what has been traditionally an opaque process, and relieves the conflicts of interest inherent with an in-house review processes.”
Mr. Brink is based in London and has over 25 years of valuation and consulting experience. Prior to joining Situs, he was most recently the European Head of Valuation Management for Altus, and prior to this he was the Head of DTZ Pan-EU International Valuation Coordination Group.
“It is an amazing opportunity to work with Taco to expand Situs’ valuation services and capabilities globally,” said Mr. Riggs. “As we have seen in the US, appraisal management and valuation advisory services are a value-add for both fund managers and investors, enabling the entire commercial real estate debt and equity ecosystem to be more efficient and successful. So now is the right time for both Situs but also the European fund management industry to help unlock value for investors.”
Mr. Riggs further added, “Taco is the first of many strategic moves we are making to building out our global business.”
Situs is the preeminent advisor to clients around the globe trusted to evaluate, optimize and manage critical assets and securities, from commercial and residential real estate, small and medium enterprise and consumer lending, to credit and store cards. Since 1985, Situs has set the standard in financial services for service, quality and execution. Based in Houston, TX, Situs has offices across the US, Europe and Asia and has been involved in more than $1 Trillion of total real estate deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $130 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award by Real Estate Finance & Investment magazine, and the “Capital Advisor Firm of the Year” award by Property Investor Europe.