Superior Track Record and Cost Efficiency with Distressed Commercial and Multi-family Properties Continues to Fuel Special Division’s Growth
FORT LAUDERDALE, Fla. – Berger Special Assets (BSA), a division of Berger Commercial Realty Corp., continues to expand through the State of Florida, serving as receiver, management company, leasing and sales agent for distressed commercial and multi-family properties on behalf of lenders.
Founded in late 2008, BSA grew exponentially in 2009 from nine active accounts in five cities and 16 properties to 25 cities with 128 properties, geographically expanding from South Florida to Tampa, Orlando, Daytona, the Southwest corridor and all points in between.
The division continues to receive five to seven new accounts per month. In addition to referrals from real estate attorneys and lenders that recognize the firm’s effectiveness and cost efficiency, BSA now is seeing new assignments coming from debt investors acquiring distressed loan portfolios from lenders.
“Our expertise in successfully resolving the challenges presented by distressed properties in a cost-efficient manner has earned the trust of real estate attorneys and lenders, and has fueled the growth of Berger Special Assets as a stand-alone division,” said Lloyd Berger, president and founder of Berger Commercial Realty Corp. “We provide a superior combination of real estate knowledge and client-centric service as we find the best solution to reposition each asset for maximum value and occupancy.”