Daymark Realty Advisors Transforming Through New Leadership Team and Reinvigorated Portfolio

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Daymark Realty Advisors' structured finance team and new senior management are implementing an aggressive business plan to focus on stabilizing and recapitalizing Daymark properties, allowing them to survive in this challenging economic market.

Despite the obstacles we’re facing with current market conditions, we’ve been able to make significant progress in a short period of time,” says Todd Mikles, CEO.

Since being acquired in August 2011 through a partnership between San Diego-based Sovereign Capital Management Group and Infinity Urban Century, a New York City-based investment affiliate of Infinity Real Estate, Daymark Realty Advisors, Inc. has seen its portfolio of approximately 130 assets reinvigorated with new capital and a new leadership team of industry experts.

According to Todd Mikles, CEO, Daymark’s updated business objective is to create capital solutions for both long-term and short-term ownership, as well as exit strategies through a fresh thought process and new capital. Additionally, the leadership team is implementing an aggressive business plan to focus on stabilizing and recapitalizing Daymark properties, allowing them to survive in this challenging economic market.

“Despite the obstacles we’re facing with current market conditions, we’ve been able to make significant progress in a short period of time,” says Mikles. “We feel that the Sovereign and Infinity partnership has strengthened Daymark’s competitive advantage through our combined real estate management expertise and asset capital solutions.”

Daymark’s Structured Finance group has successfully restructured over 20 loans totaling nearly $600 million in debt. The portfolio is unique in the fact that it is comprised almost entirely of Tenant In Common (“TIC”) owned assets that are often presented with significant challenges in terms of their ability to fund new capital to re-margin debt and/or fund future capital needs.

Mikles adds that since any type of loan modification needs to be approved by 100 percent of all TIC owners of a property, this success rate proves even more impressive.

About Daymark Realty Advisors, Inc.
Daymark Realty Advisors, Inc. is one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate. Daymark provides a fully integrated platform of services that focus on maximizing property value and performance, and offers proven expertise in the repositioning of distressed assets, debt restructuring and property recapitalizations. From six offices throughout the country, Daymark manages a nationwide portfolio of commercial real estate properties totaling approximately 33.3 million square feet, including more than 8,700 multifamily units, valued at $4.9 billion based on purchase price. For more information, visit http://www.DaymarkRealtyAdvisors.com or contact Jennifer Cho at (714) 975-2367.

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Jennifer Cho
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