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PHILADELPHIA-NAI Bluestone Real Estate Capital LLC is forming the Bluestone asset resolutions group–an advisory group that will help distressed CRE owners and lenders in today’s economic climate. NAI Bluestone is a real estate investment banking and advisory firm headquartered here.

“In today’s turbulent market, it is mandatory to have a team of experienced workout specialists that provides lenders, borrowers and consultants with actionable solutions for the best possible outcome,” says Matthew McManus, chairman of NAI Bluestone, in a statement. He explains, in a release, that the company will combine its “distressed real estate and capital markets experience” with their network of investors, buyers and bankruptcy attorneys to secure “viable capital sources” to aide with troubled finances.

The group will handle defaulting loans or loan portfolios, along with providing asset valuation via sales comparison, income approach and replacement cost, property level due diligence, financial modeling, strategic planning and extensive capital markets insight to generate viable workout structures. NAI Bluestone also plans to tap into a network of lenders to help offer financing and purchase options.

With tight credit markets and defaulting payments dominating the current culture, more than one company has formed a distressed asset unit. Related Cos., Grubb & Ellis, and CB Richard Ellis have all formed units designed specifically to target and assist other companies who are carrying distressed assets.

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