Commerical Real Estate Owned Platform

Our services can be provided in either a bundled fashion or delivered individually and are focused on protecting and maintaining our clients real estate investments through our affiliate based distribution platform. We offer a client-centric, full service capability that delivers results for our clients. We manage these solutions through the following processes:

Realogy’s unparalleled coverage of domestic primary, secondary and tertiary markets is second to none and provides a unique platform for us to deliver REO services for both Residential and Commercial assets. The following is a list of services available under our REO platform:

Acquisition Due Diligence

Site Inspection: The purpose is to confirm address, property type, or any other external factors that may be immediately identifiable. Address areas of concern affecting both potential liabilities and the marketability of property. Use whatever public records that are available.
Broker Price Opinion / Broker Opinion of Value: Obtain a Broker Price Opinion / Broker Opinion of Value (“BPO/BOV”) to establish the market value of the property.

Securitization

Immediately after acquisition change locks, put up “No Trespassing” signs and check to ensure property is otherwise secure to protect asset.

Asset Assessment

Review public records to determine if there are any back taxes due, any clouds on the title or other encumbrances to the sale of the asset.

Management

Through our extensive ownership services capabilities, Global Client Solutions, LLC can limit costs to carry and exposure to liability while enhancing disposition opportunities.

Asset and Property and Management are a core competency of Realogy. We provide direct property and marketing services in excess of 16 states and a management portfolio in excess of 70 million square feet (SF). We develop customized property management and marketing solutions for our client’s portfolios. Our solutions are led by senior manager(s) who leads a team of experienced in-house and third party service providers. The mix varies based on our client’s business objectives. Operational services like janitorial, security, snow removal and landscaping are typically provided by a third party.

Disposition

We employ a comprehensive asset valuation model to demonstrate the maximum value of the asset in anticipation of the disposition. The analysis will highlight the areas that will show the greatest value of the property, including:

• Existing and future lease revenue models
• Ground leases
• Preemptive rights
• Future development and expansion opportunity
• Long-term management contracts or other owner controls

We will properly account for their impact on value in our financial modeling. With our extensive operating experience, we have the expertise to accurately value lease contracts, operational contracts, physical issues, as well as other operational items.