A&G Real Estate Partners to Oversee Sale of the DAMIS Holdings’ Commercial Real Estate Portfolio

Company’s reputation for maximizing value of real estate drove its retention

NEW YORK--(BUSINESS WIRE)--A&G Real Estate Partners, a national real estate advisory firm specializing in lease optimization, real estate sales, and strategic real estate solutions, announced that it has been retained by DAMIS Holdings, LLC and its affiliated companies (“DAMIS” or the “Debtors”) to oversee the disposition of the Debtors’ commercial real estate portfolio. A&G was selected for its multi-decade track record of helping clients sell complex real estate portfolios at values that exceed market expectations.

The Debtors’ portfolio comprises approximately 50 properties across 22 states spanning multiple asset classes, including hospitality, entertainment, office, retail, multifamily and industrial. A&G will run a comprehensive sales process designed to realize the full, inherent value of each property, tailoring its strategy to the specific characteristics of every holding rather than applying a single, one-size-fits-all approach.

“Real estate is too often priced based on what an appraisal says, not what it is actually worth in the market, and that gap is where A&G operates,” said Emilio Amendola, Co-President of A&G Real Estate Partners. “Lenders and creditors bring us in because they trust A&G to realize the full potential of every property they own. The DAMIS portfolio is a strong example of the kind of complex, multi-asset disposition our team has built its practice around, and one that creates real opportunities for the market.”

With more than 250 years of collective experience, A&G’s team has managed large, coordinated real estate sales across all asset classes, working with some of the most recognizable companies in the nation. The firm oversaw the disposition of more than 100 Rite Aid properties and 28 Saks Off 5th locations (both of which sold for well above initial market expectations), the $177 million sale of Brooklyn’s William Vale Hotel, and the sale of more than 30 education properties nationwide on behalf of ITT Educational Services’ bankruptcy trustee, among many others.

“A&G’s reputation precedes them as one of the best in the business at unlocking value in complex real estate portfolios,” said Perry Mandarino, Chief Restructuring Officer of the Debtors and Senior Managing Director at B. Riley Securities. “This process required a firm whose track record gives creditors confidence in the outcome. We believe A&G will deliver results that exceed what the market currently expects.”

The DAMIS portfolio includes a mix of well-known resort destinations alongside its broader commercial holdings, including Rocking Horse Ranch, 1000 Acres Ranch, and Splashdown Beach.

“Every property in this portfolio brings something different to the table, and that’s exactly the kind of assignment our team is built for,” said Andrew Jacobs, Head of Real Estate Sales at A&G Real Estate Partners. “Knowing how to price and market each one on its own terms, rather than treating the portfolio as one uniform group, is where our team’s experience makes the difference.”

Michael P. Pompeo, Partner at Faegre Drinker, serves the lead bankruptcy counsel for the DAMIS debtors, and Mandarino is the Chief Restructuring Officer assisted by staff at B. Riley Securities. Parties interested in acquiring any of the DAMIS properties are invited to contact Jacobs directly.

About A&G

A&G Real Estate Partners is a national real estate advisory firm specializing in lease optimization, asset sales, and strategic real estate solutions for both healthy and distressed companies across a range of industries. The firm’s team of relationship builders, strategic negotiators, and brand protectors manages the full commercial real estate spectrum, including acquisition, auction, retail, office, industrial, and other property transactions.