Trigild Closes Sale of 37 Properties in Retail Portfolio
Five Separate Transactions Exceed $42 Million in Sales Prices
SAN DIEGO, Calif. (July 14, 2014) – Only five months after hitting the market, San Diego-based Trigild has completed the sales of 37 strip centers and two single-story offices totaling 600,000 square feet for more than $42 million.
Judge Harry C. Dees Jr., U.S. Bankruptcy Court, United States Bankruptcy Court Northern District of Indiana, appointed Trigild liquidating trustee of the portfolio – with properties in 17 states throughout the Southeast, West and Midwest in October 2013 – and Trigild took the portfolio to market in February 2014. MORE>>>
Trigild Names Hospitality Asset Manager
Trigild is pleased to welcome Jeff Santoni, Hospitality Asset Manager, to its San Diego team. Santoni is charged with driving operational performances and achieving sales results at all Trigild hotel properties.
Santoni most recently worked as a consultant, providing expertise in the areas of strategic planning, financial analysis and modeling price and revenue optimization, sales operations, CRM and invoicing technology. Prior to this, he was with Marriott Vacations Worldwide for five years, where he worked as a senior asset manager for the Western and Hawaii regions, managing the day-to-day operations and project execution for 16 resorts.
Please help us welcome Jeff to the Trigild Team. If you would like to discuss your hospitality management needs, email him at Jeff.Santoni@trigild.com.
Bankruptcy and Receivership Basics
by Kelley McLaren, Trigild Chief Administrative Office
Reprinted from Scotsman Guide Commercial edition, and Scotsmanguide.com July 2014
Even though the economy is rebounding, distressed property remains an issue in the commercial real estate market. mortgage professionals who are the most knowledgeable about ways to work around troubled assets will have a distinct advantage in this niche. Bankruptcy and receivership are two powerful workout strategies for recovering distressed assets that can reap lucrative and efficient results for those who understand their uses and the differences between them. MORE>>>
Trigild in the News
Trigild Names New Hospitality Asset Manager
Tuesday, July 8, 2014
Larger Lease Inked After $32M Sale
Friday, July 18, 2014
- August 17-20, 2014, IHG Leadership Conference, Atlanta, GA. (Bill Hoffman Attending)
- August 21, 2014, RealShare Orange County 2014, Irvine, CA. (Brian Morelan and Patrick Walker Attending)
Apartment Rent Growth Reaches 14-Year High – MBA NewsLink
Fitch: 30-Year REIT Issuance ‘Net Credit Positive’ – MBA NewsLink
Despite Headwinds, CRE Markets Thrive – GlobeSt
Schwartz: For CRE in 2014-2015, It’s ‘Capital, Capital, Capital’ – National Real Estate Investor
Crowdfunding Transparency, Investor Draw – GlobeSt