ULI Presents Meet the FDIC: Acquisition of Failed Real Estate Assets

Jan. 13, 2010 - PRLog -- ATLANTA – On January 14, ULI Atlanta, a district council of the Urban Land Institute (ULI), will present a panel seminar “Meet the FDIC: Acquisition of Failed Real Estate Assets” at 7:30 a.m. on the 24th floor of the Sovereign building in Buckhead. Presented by Henry Lorber, Managing Director of Hays Financial Consulting and Principle of Realty Asset Management, the seminar will discuss topics including how to navigate the current governmental environment and how to develop a strategy to acquire bank real estate assets.

“This is an extremely timely topic,” said Jeff DuFresne, executive director of ULI Atlanta. “There are number of failed real estate assets throughout the metro-Atlanta area. Everyone on the panel is extremely knowledgeable on the topic and each panelist brings a unique insight and opinion to the seminar. I think everyone who attends the seminar will leave with a better understanding of failed real estate assets and how to acquire them.”

Lorber comes with a vast portfolio of knowledge and expertise. Having worked over 35 years in the industry, Lorber has successfully restructured or liquidated over 100 individual real estate projects, eight failed institutions, and $26MM in troubled assets. In addition, he has managed approximately 17,500 assets valued at over $6.5B and provided expert witness testimony for national law firms on behalf of their clients regarding real estate issues.

Panelists will include: Victor Robert, Resolutions and Closing Manager, Federal Deposit Insurance Corp. (FDIC); Ken Pearson, Corporate Asset Recovery and Restructuring, CB Richard Ellis; James Thompson, Director, Prescient Asset Management. Each panelist brings a wealth of experience and a unique perspective to the event.

The event is open to the public. Those interested in attending should visit www.uliatlanta.org to register. For more information about the upcoming seminar, please contact the ULI at 770-951-8500.  Complementary on-site parking will be provided.

About 3344 Peachtree/Sovereign:
Developed by Atlanta-based Regent Partners, LLC, Sovereign, located at 3344 Peachtree Road in Buckhead is a 50 story mixed-use tower designed by architects, Smallwood, Reynolds, Stewart, Stewart & Associates. The 635-foot tower includes more than one-half million square feet of Class A office and retail space crowned by the 82 residences of Sovereign. Homes are offered from $1 million and begin on the building's 28th story affording penthouse-like views from all residences, which range from more than 1,700 square feet to more than 10,000 square feet. Sovereign, which was named Best in Atlanta Real Estate in 2007, includes fine dining at Bistro Niko, a Buckhead Life Signature French restaurant and the services of the distinguished Buckhead Club. As a mixed-use new urban design, Sovereign offers unparalleled private pedestrian and automobile access to major roadways, restaurants, services, shopping and recreation. Residential sales at Sovereign are handled by Atlanta Fine Homes Sotheby's International Realty. For more information about Sovereign, please call 404-266-3344 or visit www.sovereignbuckhead.com.

About the ULI:
ULI Atlanta brings together real estate experts, land use professionals and other stakeholders to support community building by addressing land use issues, identifying challenges to better land use and development, highlighting best practices from across the country, and developing new solutions to improve land use patterns. As a district council of the Urban Land Institute, ULI Atlanta advances responsible land use policy and real estate development practice throughout greater Atlanta. The nonprofit group is supported by its members.  They examine land use issues, impartially report their findings and convene forums to find solutions to complex land use problems. For more information on ULI Atlanta, call 770-951-8500 or visit www.ULIatlanta.org.