Real estate brokerage and advisory firm Calkain Cos. has established a new division aimed at aiding clients in dealing with adverse investment situations on net lease properties. The group, dubbed Calkain Opportunity Services, will be headed up by Todd Harrison (pictured), who will serve as managing director of the new entity. Calkain said it formed the division as a result of the increase in debt restructurings, failed investments and transaction-related litigation in the current environment of economic turmoil. \u201cFor those\u2026. involved in less than ideal situations, Calkain will be able to formulate a plan on how to exit their challenging situation with realistic and fast results,\u201d noted Calkain Cos. president & CEO John Hipp, in a release. He went on to point out that, even stabilized net lease properties may run into financial problems necessitating a non-traditional approach to a solution. Many owners paid aggressive prices for such properties over the past few years, and the financing for those buys may be maturing soon, noted Hipp. Given the state of the credit markets now, borrowing additional funds or refinancing is often not an option. Harrison, who will lead the new group, has served in leadership roles for consulting, due diligence, brokerage and investment firms in the commercial real estate industry. \u201cThere is no other service like this for net leased assets,\u201d said Harrison. \u201c[W]e feel that we are best equipped to handle the deluge of situations that have been presented to us in recent months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Real estate brokerage and advisory firm Calkain Cos. has established a new division aimed at aiding clients in dealing with adverse investment situations on net lease properties. The group, dubbed Calkain Opportunity Services, will be headed up by Todd Harrison (pictured), who will serve as managing director of the new entity. Calkain said it formed…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825],"tags":[],"class_list":["post-1003929829","post","type-post","status-publish","format-standard","hentry","category-finance"],"acf":[],"yoast_head":"\n