"Our CPMS program responds to the continued erosion in market conditions for commercial real estate assets," says G. William Roesch, a Prism principal and the firm's chief financial officer. "This program is intended to provide lenders or servicers with a strategic alternative to continuing with the incumbent sponsors/ managers of a troubled asset and as a viable supplement to their own internal staff resources. We know that many assets could land back in lenders' hands--it is our goal to provide in-depth market knowledge, strategic planning, execution and timely resources to assist these market participants with maximizing their recovery from these assets."

Some of the program highlights include asset management and strategic business plan formation and execution, the implementation of industry best practices for preventative maintenance and operations and detailed and transparent financial accounting and reporting. The CPMS program also offers capital improvement planning and implementation, a hands-on team of professionals and resource allocation for properties with limited staffing requirements. Prism also provides in-house leasing and marketing services.

"While Prism traditionally is not a third-party provider, our roots as an investment firm and our history of partnering with sophisticated institutional partners make this a logical extension of our activity," Eugene R. Diaz, a Prism principal, tells GlobeSt.com.