Through the new alliance, ChainLinks customers will have the ability to offer their "excess" retail properties for sale through ICON, which uses trade credits to pay more than would be gained on the open market. "This relationship will allow us to offer our clients a disposition technique that will dispose of under-performing assets, while avoiding million of dollars in write-offs," says Troy Peple, president and CEO of ChainLinks.
"Property owners can gain a financial advantage by tapping ICON for goods and services they would have purchased regardless," adds Peple. "Corporate barter brings value to all involved."
A spokesperson for ChainLinks tells GlobeSt.com, "ICON's method for disposing of property using barter will complement the services that ChainLinks already offers through its relationship with DJM Realty." That partnership allows each to leverage the resources of the other.
At the time of that partnership, Andrew Graiser, co-founder of DJM commented, "Our partnership presents DJM with access to ChainLinks' 50 offices across North America, 300 retail real estate experts and knowledge of local markets. In turn, ChainLinks will be able to leverage DJM's national disposition experience, lease mitigation and consulting and Gordon Brothers' capital resources in facilitating retail mergers, dispositions and equity and debt financing."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.