Former RTC Oversight President Now Focusing On Florida CRE

Posted by Orb Staff on December 17, 2010 No Comments
Categories : FYI

A former Resolution Trust Corp. (RTC) and Federal Housing Administration (FHA) official has co-founded a new receivership and asset management company specializing in Florida commercial properties. The new firm, VRM, is led by CEO Peter Monroe, a former oversight board president of the RTC and chief operating officer of FHA, and President Joseph W. Gayner, an attoreny and real estate broker.

The company has assembled a Florida-wide network of commercial real estate managers able to handle property management, leasing and disposition of any commercial property type.

‘Special expertise is essential in dealing with complex Florida commercial workouts because of the challenges of Florida's judicial-only foreclosure process, Florida's extraordinary commercial real estate market decline, and persisting high unemployment levels,’ says Monroe, who adds that VRM will provide its services to lenders, special servicers and passive commercial investors.

SOURCE: VRM

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