DENVER, CO - Archstone announced today the launch of Archstone Real Estate Advisory Services, leveraging the Company's unparalleled experience, institutional knowledge and reputation for innovation to help lenders and investors maximize the value of their multifamily and mixed-use assets.
Recognizing that lenders and investors are increasingly expected to assume the responsibilities of developers and operators of assets they financed, Archstone Real Estate Advisory Services will offer comprehensive, expert-driven services throughout the asset value chain.
"The knowledge and experience we've gained from creating and operating one of the world's most valuable multifamily portfolios - with more than 80,000 apartments - can be leveraged to help investors and lenders who need to maximize the value of their multi-family and mixed-use assets," said R. Scot Sellers, Archstone's Chief Executive Officer. "The company has completed more than $30.8 billion of acquisitions and dispositions, as well as over $6.7 billion of development and redevelopment transactions. In this difficult economic environment, it's more important now than ever to choose an experienced partner who not only provides advice but has the operational capabilities to deliver superior results."
Archstone Real Estate Advisory Services offers expertise and experienced resources to execute across all stages of the value chain - Asset Strategy, Development, Construction Management and Asset Management. Clients can engage Archstone for support in all areas or for a la carte services, based on their particular needs. Archstone's broad market reach also provides clients with the option to secure help on a single project or a portfolio of assets.
"As owners and developers, our experience ranges from land acquisition and entitlement through design, construction and operation of multifamily products," said Al Neely, Archstone's Chief Development Officer. "Since the bulk of our activity has been for our own account, we have a great understanding of an owner's concerns and needs. We believe this experience, expertise and perspective, gives us a unique capability to assist other owners in working through the multitude of complex problems they face in today's difficult climate."
Chaz Mueller, Archstone's Chief Operating Officer, added, "Archstone is one of the world's premier multifamily and mixed-use real estate firms, having created one of the nation's largest portfolios of high quality apartment assets. As our track record in the industry indicates, Archstone knows how to devise and execute strategies that create value from multifamily and mixed-use real estate opportunities, making Archstone Real Estate Advisory Services an excellent resource for lenders and investors."
Source: BusinessWire.com