Executive Summary

In the overly optimistic mid-decade many financial institutions made loans and investments secured by real estate assets which seemed perfectly secure but which, now at the end of the decade, have to be managed in a completely different environment. These institutions find themselves holding assets with uncertain value in an uncertain time. In addition to being overwhelmed by the sheer volume of these recently revealed problems, many financial institutions do not have the in-house resources to deal with the complexities they now face. Conventional methods for evaluating and managing these troubled real estate assets, relying heavily on backward looking appraisals, are ineffective in today's rapidly changing and informational vacuum world. The solution to this problem is to either build a modern in-house resource over time or to out-source the problem by forming a strategic alliance with a team of experienced professionals.

Asset Strategies, LC is an interdisciplinary group of real estate, development, property management and legal professionals working with clients holding or managing troubled real estate. We provide turnkey or fee services to help lenders and potential acquirers assess their options and develop viable, effective solutions including; valuing, repositioning, managing, or disposing of distressed real estate assets. Our seasoned experts, in depth knowledge of local markets and years of strategic experience provide our clients with objective and insightful recommendations that are analytically based and action oriented. Asset Strategies understands that developing a strategy about how to deal with troubled assets requires an intensive examination of the facts and the valuation of the assets which is often a complex undertaking. In today's troubled economy the numerous potential options for resolution must be carefully weighed in terms of their practicality and return. And once an option is selected, whatever it is, that choice is not the end of the road, but only the beginning. Through our team, Asset Strategies can provide sound advice and the necessary skills to help clients achieve the maximum results for these assets.

Our consulting and expertise includes a menu of services generally employed in phases. During an initial phase we provide an evaluation of the real and potential value of the troubled assets including such functions as broker price opinions, market analysis, site inspection, evaluation of completion issue (including improvements and bonding matters) evaluation of existing and potential entitlements and analysis of other positive and negative development issues. The second phase of our work is to assist the client in formulating and evaluating exit strategies while the third phase consists of helping implement the chosen strategy for dealing with the particular asset.

Our Team

David J. Allen is an experienced entrepreneur, financier, developer, and lead executive. Mr. Allen owns and manages a number of business organizations; primarily real estate based. Mr. Allen's responsibilities include overall supervision of the on-going projects of the various entities; project acquisition, financing, development, supervision of sales and marketing activities, negotiation of contracts, construction supervision, legal, accounting and other executive duties.

Bruce R. Baird is one of the leading land use development/real estate lawyers in Utah, - his specialty for the last twenty years. Mr. Baird has been responsible for obtaining, evaluating, maximizing and protecting entitlements for commercial and residential projects ranging from smaller subdivisions to some of the largest, most complex, master planned communities all across Utah. Mr. Baird's expertise and judgment are relied upon by many of Utah’s leading developers.

Gabriel R. Chadsey has 15 years experience in real estate sales and finance, focusing on value-added projects. Clients include banks, servicing companies, development companies and private investors. Mr. Chadsey's wealth of experience includes a diversity of projects: raw land, single-family, multi-family and commercial development. Mr. Chadsey has an aptitude for identifying distressed opportunities, then formulating and implementing the best possible path for making these projects profitable.

Contact Us

Asset Strategies, LC
Analysis with Solutions
PO Box 510507
Salt Lake City, UT 84151-0507
Phone (801) 236-8320
Fax (801) 575-7912

David J. Allen, Principal
Phone (801) 326-8320
Email: dallen@AssetsABC.com

Bruce R. Baird, Principal
Cell: (801) 647-1400
Phone (801) 326-8320
Email: bbaird@AssetsABC.com

Gabriel R. Chadsey, Principal
Cell: (801) 205-9030
Phone (801) 326-8320
Email: gchadsey@AssetsABC.com