In an Ailing Economy, Asset Strategy Partners Provides Diverse Expertise to Help Banks Maximize Property Values

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--When an individual faces a medical crisis, restoring the patient to health sometimes requires a specialist who can provide deeper expertise and wider perspective in the condition. When the topic is financial health, and the patient is a bank or other lending institution that is fighting off the twin maladies of lower asset prices and the need to dispose of those assets, a new team of specialists is now available to help. Asset Strategy Partners has recently been founded to develop strategies that can assist client institutions improve both the valuation and the marketability of real estate assets and optimize institutional performance. The company is unique in offering a comprehensive range of expertise in fields including land valuation, development potential and a host of legal, entitlement and liability issues, to more effectively preserve and maximize clients’ return of capital with respect to their real property portfolios.

Asset Strategy Partners (ASP) sees its mission as providing the highest level of professional advisory services for the resolution of problem loans or equity investments and the management of real estate owned (“REO”) assets for optimizing value and disposition. The company has opened for business with five offices in California including its headquarters in Newport Beach, and will initially focus on addressing the particularly challenging and complex situation within the state. ASP partners also have experience in markets across the nation and can assist banks with properties in those locations as well.

ASP offers clients unique value through an interdisciplinary team approach that combines the workout and loan reorganization expertise typically found in such firms with years of entitlement and development experience. This provides ASP with the longer-term and broader-based perspective on how markets work that enables the firm to craft the best strategies for maximizing residual value.

Asset Strategy Partners’ managing partners include Kent Hawkins and Dirk Ivory of investment firm Statewide Acquisition Corp.; Sarah R. Woodward, former vice president and regional manager of the Commercial Real Estate Group for Fremont; and Barton J. Beasley, Jonathan C. Curtis, John Andreotti and Ralph Clemmer of BC Land Group, providing workout and land use legal expertise. All told, the firm offers over 135 years of combined experience that encompasses financial, development, construction, legal, government relations, due diligence and insurance expertise.

“The outstanding element that makes ASP different and more successful in our efforts for clients is the effectiveness of our team approach,” said managing partner Kent Hawkins. “We’re like an advanced medical clinic that looks at a problem from all perspectives to find the right solution. The key is to assemble the best possible group of professionals, and we have built a very solid team.”

“The depth and breadth of the skills combined in ASP make us unique in the field,” said managing partner Barton J. Beasley, “and let us more fully address our clients’ most pressing concerns. Our hands-on experience at evaluating current market value and optimizing that value gives us the ability to develop a comprehensive understanding of our clients’ investments, so we can recommend the best way to proceed in preserving or even enhancing property valuations.”

ASP is currently working on confidential assignments for two major regional banks, to evaluate their assets.

In addition to considerable background in workout and related financial issues, ASP also offers development services including highest/best use determinations, market area analyses, feasibility studies including related cash flow projections, entitlement feasibility including preserving those at risk and processing new entitlements to increase economic value, and property management services to protect asset value. The company is also expert at planning and managing remedial and/or completion of construction, as well as new construction. ASP also can prepare packages for organizations seeking debt or equity funding for the acquisition or development of projects, and has ongoing face-to-face relationships with prominent developers, merchant builders and financial institutions to assist in the acquisition and disposition of projects and land.

Asset Strategy Partners has four locations across California. More information can be accessed at www.AssetStrategyPartners.com or by calling Kent Hawkins at 949-752-7120.