A&G Real Estate Partners today announced the creation of a Structured Investment Sales Division, recruiting a four-person team led by industry veteran Jeff Hubbard that collectively brings 80-plus years of experience in structured turnkey dispositions of portfolios and individual properties across all asset classes.
Hubbard previously served as executive managing director,
Special Situations Division with Paul Massey’s B6 Real Estate Advisors.
Hubbard, who was named a Senior Managing Director, heads a
team that includes Senior Managing Director Jamie Coté and Managing Directors
Katie DeCoste and Christian Koulichkov. All
were part of a special situations group that has worked together for nearly 20
years, most recently at B6 in Manhattan. Hubbard, DeCoste and Koulichov will be
based out of A&G’s Melville, Long Island headquarters, while Coté will work
from the firm’s Chicago office.
.Tapping a global network of buyers, the division’s team has
worked nationwide on behalf of healthy and distressed clients in designing and
executing asset-specific disposition solutions, including cases involving
bankruptcies and out-of-court workout restructurings.
“Jeff’s group has emerged as a national leader in executing
complex structured accelerated dispositions of major commercial and residential
portfolios, as well as individual properties,” said A&G Co-President Emilio
Amendola.
“We’ve partnered with them on numerous non-retail projects
over the years, most recently on the successful bankruptcy auctions of the
College of New Rochelle campus in Westchester and two Dowling College campuses
on Long Island. No matter the size of the project, we were impressed with
their professional approach and the
values they were able to obtain in a 90-
to 120-day process. They worked each asset as if they owned it and always put the seller first. Their business model
complements our approach to each client and each project.”
Noting that the group has amassed billions of dollars in
sales of real estate in the years they’ve been together, A&G Co-President
Andy Graiser said the new division gives the firm “a solid launching pad for
auctions and accelerated sales, which will become even more critical in today’s
‘New World.’ Creating this division is
one more example of our commitment to remain ahead of the curve and to meet the
needs of our clients, whether they
are lenders, investors, special
servicers, non-profits or any companies holding real estate to maximize their liquidity position through an accelerated
sales/auction process.”
Graiser added: “A successful real estate sale is achieved based on knowledge, credibility and
educating the buyer. Jeff’s team doesn’t
take a ‘dial- for-dollars approach’ or chase the low hanging fruit. As
experienced real estate professionals, they make sure they understand the asset
and all its nuances before starting a sale and are adept at making adjustments
mid-stream to maximize results.”
“I’ve known Andy and Emilio for over 20 years, working with
them on numerous non-retail projects,” said Hubbard. “Based on that past
history, the opportunity to become part of one of the nation’s most-trusted
commercial real estate disposition firms is
the absolute right fit for our group, which brings a non-distressed
approach to distressed accelerated sale situations. Leveraging each of our
areas of expertise will benefit our respective teams and, ultimately, our
clients.”
