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Phoenix Management & J.S. Held Assemble Multidisciplinary Team to Navigate the Deepening Commercial Real Estate Crisis

Phoenix Management and J.S. Held assemble a diverse team of experts to form a CRE service solution to assist lenders, investors, and property owners in protecting asset values, optimizing financial outcomes, and enhancing property competitiveness.

JERICHO, N.Y., June 13, 2024 /PRNewswire-PRWeb/ -- Phoenix Management joined the global consulting firm J.S. Held, proudly celebrating 50 transformative years, announcing the formation of a multidisciplinary team to address the growing challenges in the commercial real estate (CRE) segment. Given loan defaults are at historic highs and rising, properties are being deserted, and financial forecasts are in jeopardy, the firm recognizes the need for specialized expertise to navigate this deepening crisis.
Last month, MSCI reported that over $38 billion in office buildings within the United States currently face defaults and other distress– the highest level of distress since the '08 financial crisis. The ever-burdening cost of capital, declining revenue volumes, and reduction in net rental rates required to attract desired tenants make it unlikely for these circumstances to reverse in the near term. As the crisis grows, financial institutions, owners, and investors must seek effective strategies to maximize the value of their investments.

J.S. Held's team of seasoned experts, including turnaround advisors, risk managers, real estate strategists, construction project managers, Receivers & Fiduciaries, and valuation specialists, work together to formulate comprehensive strategies to address the complex challenges faced by clients in commercial real estate.

"A comprehensive holistic approach is key in this market," says Jim Fleet, turnaround advisory expert and Senior Managing Director at Phoenix Management, a part of J.S. Held. "Our team's diverse skill set enables proper risk assessment, valuation and the potential for strategic repositioning or divestiture of assets to align with current and projected market demands."

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Peter Davis, J.S. Held Senior Managing Director, adds, "Financial analysis plays a crucial role in identifying potential risks and opportunities. By thoroughly examining a property's financial health, we can develop targeted strategies to optimize outcomes."

"Construction management expertise is essential in repositioning distressed assets," notes Mark Cohen, J.S. Held Senior Managing Director & Construction Advisory Practice Lead. "Our team can identify cost-effective improvements that enhance a property's competitiveness and attract tenants."

Real estate valuation expert and J.S. Held Senior Vice President Dan Paulus emphasizes the importance of valuation in the process: "Accurate valuation is the foundation for making informed decisions. Our specialists provide clients with the insights they need to protect asset values and make strategic choices."

By bringing together this multidisciplinary team, J.S. Held is well-positioned to help lenders, investors, and property owners navigate the challenges of the current CRE market. The firm's collaborative approach enables clients to better protect asset values, optimize financial outcomes, and enhance the competitiveness of their properties.

Demonstrating their unique and multidimensional analysis and insights, the same perspectives applied to client engagements, the J.S. Held team recently authored, "Billions on the Brink: The Deepening Crisis in Commercial Real Estate," which explores the steps owners, lenders, and investors must take to protect their assets.

The cornerstone of J.S. Held's business success derives from our ability to anticipate market needs, purpose-building multidisciplinary teams to meet anticipated client needs and evolving market situations. The Commercial Real Estate Solutions team is emblematic of this commitment. Learn more about the dedicated and entrepreneurial experts who help transform J.S. Held, explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About Phoenix Management, a part of J.S. Held

For over 35 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition.

Phoenix Management Services® provides turnaround, crisis and interim management, and specialized advisory for both distressed and growth-oriented companies. Phoenix Investor Services® provides quality of earnings, operational diligence, Quality of Enterprise®, business integration, sell-side business preparation, and other transaction related support. Phoenix IB® provides seamless investment banking solutions including M&A advisory, complex restructurings, and capital placements.

As a part of J.S. Held, Phoenix works alongside more than 1,500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors.

About J.S. Held

J.S. Held is a global consulting firm providing technical, scientific, financial, and strategic expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Media Contact

Kristi L Stathis, J.S. Held, +1 786 833 4864, Kristi.Stathis@jsheld.com, JSHELD.com

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SOURCE J.S. Held