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Brokerage Starts Institutional Services Group

CHICAGO-The firm launched the group to service owners or investors of REO properties, distressed real estate and foreclosures.

By Cari Brokamp | Updated on April 28, 2009

CHICAGO-In light of economic conditions, @properties has founded an institutional services group for owners and investors of REO properties, distressed real estate and foreclosures. The group will offer brokerage, receivership, asset preservation, property management, consulting, development and investment-advisory services to its clients for the disposition or acquisition of mortgage notes and residential and commercial properties.

Services will focus on Chicago area real estate spanning the asset classes of single- and multi-family residential, single- and multi-tenant retail properties, condo conversions and new construction developments, and land.

“We have been communicating with a number of institutions with real estate investments in Chicago about providing assistance in stabilizing, valuing and marketing distressed and foreclosed real estate,” says Thaddeus Wong, @properties co-founder. “We feel it makes sense to structure these services under a formal group. @properties Institutional Services Group will leverage the substantial marketing resources, tech infrastructure and sales force that already exist within @properties to serve institutional clients more efficiently and effectively.”

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