We recently relocated our corporate headquarters to a new facility here in Oklahoma City, after having spent almost 18 years at the same office property. As part of that process, I was cleaning out my desk and stumbled across an interesting quotation from Lamar Kelly, who was responsible for leading and supervising the Asset Management and Sales division of the Resolution Trust Corp., including the management of a 4,500-person staff that managed and disposed of more than $450 billion in assets, back in the early to mid-1990s. Speaking to loan sales at the time, he said he was seeing: “What we see is the elimination of the large overhead of real estate and real estate-related loans that were in those institutions. Those assets are back in the hands of the private sector where they belong.”

It’s surprising how relevant this statement is today, some 20-odd years later. We are now in the midst of yet another clearing process, with the private sector leading the charge. And while we’ve learned certain lessons since the last downturn, there are still some speed bumps ahead. As it stands, the FDIC probably still retains anywhere between $35 billion and $40 billion in assets, which will ultimately need to be sold off. But, clearly, this isn’t going to happen overnight.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.