This part of the service will provide valuations, assetmanagement services and disposition services to assist thegovernment in maximizing value from securities and assets acquiredfrom failed financial institutions, the company says. JLL appliedto be a whole loan advisor under TARP a few weeks ago, Jere Lucey,managing director, JLL, tells GlobeSt.com. Treasury has notresponded to any of the RFPs yet.
The other parts of the offering--Financial Institution OccupancyServices, Financial Institution Investment Advisory and DistressedProperty Receivership Services--will be staffed from various JLLoffices around the country and will focus on the various aspects ofthe financial realignment that is occurring.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
