PROJECT UPDATE – March 2017
If you’ve never attended a Trigild conference, now is the time to have a look at what the event has to offer. The Trigild Spring Conference is a day and a half program full of educational sessions focusing on the unique issues arising from non-performing commercial loans.
With a combination of expert panels and high-level networking, the Trigild Spring Conference is designed to present you with up-to-the-minute solutions to some of the industry’s most pressing challenges, while connecting you with the professionals you want and need to do business with.
Receivership Sales Are All The Rage
Reprinted from GlobeSt.com
Receivership sales are increasing in popularity, according to David Wallace and Nancy Daniels of Trigild. The duo recently sold the Encino Corporate Plaza, a nine-story, 126,275-square-foot office complex, for $35.5 million through a receivership. This was the firm was able to generate value through the receivership. To find out more about receiverships and why they are growing in popularity, we sat down with Wallace and Daniels for an exclusive interview. Read More
Shilo Inn Suites – Twin Falls
Trigild was brought in as receiver for a 129 room hotel in Idaho. Built in 1996, the four story hotel is conveniently located near restaurants and shopping in Twin Falls.
When Trigild was selected as receiver, the hotel was facing a number of challenges:
- Minimal revenue management strategy
- Hotel wasn’t maximizing opportunities on OTA websites
- Negligible human resources engagement
- Low guest satisfaction score
- Lack of local marketing exposure
- Outdated PMS system
- May 8 – 10, 2017, Meet the Money 2017 (Judy Hoffman Moderating)
- May 9 – 10, 2017, Commercial Real Estate Finance Summit – West (Bill Hoffman Moderating)
2017 CMBS Maturities Drop To $36B – GlobeSt.com
Multifamily Completions to Peak in 2017 – Multi-Housing News