Voit Gets $100M Portfolio Assignment

NEWPORT BEACH, CA-GlobeSt.com exclusively learns that Voit Real Estate Services has been named project manager and property manager by LAMCO LLC, a subsidiary of Lehman Brothers Holdings Inc., for a 12-asset industrial, office/flex portfolio across five western states, according to Robert Voit, CEO of Voit Real Estate Services. The portfolio totals approximately 450,000 square feet and has a notional value of $100 million. “Voit was retained based on our experience as a real estate operator—developing, owning and managing comparable projects,” says John Strockis, executive managing director of Voit’s asset services. “In this role, we will devise an orchestrated disposition strategy focused on repositioning the assets and reintroducing them to the marketplace.” The portfolio consists of industrial, office and flex for-sale units in Antioch, Dublin, Milpitas, Oceanside, Palmdale, Palm Desert and Rocklin, CA; in Las Vegas; in Albuquerque; in Hillsboro, OR; and in Snoqualmie, WA. Edwin Siddons, vice president of LAMCO says that “We are impressed with Voit’s real estate platform and excited about the opportunity to work with them to execute our business plan for these assets.” Voit has been busy lately. It recently was named asset manager on a 12-asset distressed commercial real estate portfolio in the greater Sacramento area, as GlobeSt.com exclusively reported. That portfolio—with assets totaling 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—had a notional value of $150 million. GlobeSt.com could not get any further information regarding a timeline for repositioning the assets into the marketplace by deadline, but will update the story when more information is available.