MIAMI—Call it yet another sign that distressed assets are flushing through the Florida sales cycle. Continental Real Estate Companies (CREC) brokered the sales of 15 lender-owned assets valued at nearly $100 million in the four quarter of 2011.

The deals come after three years of market instability that saw the value of Florida’s distressed real estate top $12 billion while asset values dramatically declined. During those 36 months, CREC's distressed asset practice managed 35 court-appointed receiverships, ultimately positioning the firm to maximize asset value and dispose of the properties via sale.

“There is no slowdown in sight as it relates to transactions this year,” CREC chairman and co-founder Warren Weiser tells GlobeSt.com. “For us, 2010 was a good year, 2011 was a robust year and right now, our pipeline for 2012 will be equally as strong, if not stronger."

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.