Asset Recovery

May 14, 2020

“Press Release”

SVN Storage Realty, the national self storage practice group of SVN Commercial Real Estate Advisors, a leading investment sales and advisory brokerage firm, announces that it has been chosen by the SVN Asset Recovery Team (ART), as the lead Advisory group for working with lenders, special servicers, owners and investors for distressed self storage assets across the US.

SVNIC has 200 offices and 1600+ advisors across the USA and is uniquely positioned to represent these various lenders, special servicers, owners & investors in major MSAs as well as secondary and tertiary markets. Connie Neville, J.D., Hans Hardisty, CCIM and MBA in Real Estate and Entrepreneurship from  George Washington University and John Fletcher, an SVN senior advisor and representative of Largo Capital, a Buffalo-based mortgage company.  John will be assisting SVN ART leadership with self storage valuations and broker price opinions.

“There are a number of investors currently in the market looking for self storage assets of all kinds; including those under construction, those frozen in lease up and those struggling to break even, each performing at rental rates below their originally projected Pro Forma”, says Nick Malagisi, SIOR and co-chair of the SVN national self storage product council. “We are a seasoned, veteran team of professionals who have worked through various recessionary times and situations before the COVID-19 global pandemic”.

Please call upon Ms. Neville at nevillec@svn.com or 781-696-6241.