Voit Takes On $150M Distressed Portfolio

SACRAMENTO-GlobeSt.com exclusively learned that Voit Real Estate Services has been named asset manager on a 12-asset distressed commercial real estate portfolio in the greater Sacramento area, according to Robert Voit, CEO of Voit Real Estate Services. The portfolio has a notional value of $150 million.

The assets total 500,000 square feet of retail, office, industrial and multifamily assets, including a 339-unit class-A apartment community, a 150,000-square-foot retail community center, a retail strip center, and several office and industrial properties.

An unidentified source not involved in the deal tells GlobeSt.com that Voit’s client is Wells Fargo, however Voit would not confirm, however they did tell GlobeSt.com that the client “is a national bank.”