X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Situs said Friday it had been selected by Hypothekenbank Frankfurt AG as its loan servicing and asset management partner for its US portfolio of performing CRE loans. A legacy of Eurohypo’s real estate lending business, the loan book covers approximately $2 billion backed by assets, mainly office, in the 20 largest US cities.

“We have been continuing to expand our asset management business over the past four years through a series of acquisitions and partnerships,” says Steve Powel, president of Situs. “The primary contributor to our success has been our flexibility to adapt to our clients’ specific strategic objectives and the comprehensiveness of our professional services platform.”

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?

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.