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FOUNDED IN 1983, THE CARL MARKS REAL ESTATE GROUP (CMREG) INVESTS IN HIGH-YIELD, ENTREPRENEURIAL REAL ESTATE TRANSACTIONS FOR THE VARIOUS CARL MARKS INTERESTS. THE GROUP STRIVES TO INCREASE THE VALUE OF NON-INVESTMENT-GRADE CLASS A AND B PROPERTIES LOCATED IN DESIRABLE GROWTH MARKETS BUT THAT ARE EXPERIENCING FINANCIAL DISTRESS AND OTHER CHALLENGES, INCLUDING INSOLVENT PARTNERSHIPS, LOW OCCUPANCY RATES, AND BANK FORECLOSURES, AMONG OTHERS.
Acquisitions and developments consist of opportunistic lender-oriented restructurings, loan workouts or reorganizations, and ownership transfer from distressed partnerships. The group’s acquisitions historically have been located in New York, Pennsylvania, Washington, Oklahoma, California, and Missouri.
CMREG also works in tandem with the Carl Marks Advisory Group (CMAG) in connection with real estate-related assignments undertaken by CMAG. Together, the groups share comprehensive real estate development and operations knowledge and have wide access to capital markets, all which can assist in appropriate turnaround management and consulting assignments.
CMREG is actively engaged with the following professional organizations:
- CoreNet Global
- The Urban Land Institute
- The World Trade Centers Association
- The Real Estate Board of New York
- The Young Mens/Womens Real Estate Association of New York
- The Greater Philadelphia Chamber of Commerce
- Tri-State Realtors® (New Jersey, Pennsylvania, Delaware)
- The Global Interdependence Center (at the University of Pennsylvania)
- The Southern New Jersey Chamber of Commerce
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