ASSET MANAGEMENT & DISPOSITION
Client’s Name: Resolution Trust Corporation
Period of Performance: 1991 - 1996
Description of Services Provided: The SAMDA, awarded in late 1990, involved the asset management and disposition of commercial loans and ORE assets including land development parcels, residential subdivisions, occupied shopping centers, office buildings, branch bank facilities, and multifamily apartment buildings located in Colorado, Arizona, Florida, and California. Our team was directly responsible for stabilizing and selling 80% of the initial portfolio within the first 15 months of the SAMDA contract, recovering 70% of appraised value. In noting Signet’s performance, the RTC modified and extended our SAMDA contract on three occasions to add nonperforming loans and thrift subsidiary entity assets.
The SAMA contract, conducted in late 1994 and 1995, provided asset management services for ORE assets (mixed commercial and subdivision properties) in conjunction disposition through a series of national RTC sales initiatives. This contract supported RTC as it organized and conducted a large-scale sales program in collaboration with major investment banking firms (N & S-Series Sales). Signet had complete responsibility to “make the assets market ready”. The aggregate book value of assets managed under this contract totaled $1.1 billion.
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Signet Partners
7400 E. Crestline Circle
Suite 150
Greenwood Village, CO 80111
Phone: 303.773.3330
Toll Free: 888.901.3330
Fax: 303.773.6256
Email: info@signetpartners.com
