Breakwater Equity Partners Wins M&A Advisor Real Estate Deal of the Year

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Met Center 10 Restructuring Highlighted

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It gives us great pleasure to recognize Breakwater Equity Partners and bestow upon them our highest honor for distressed investing and reorganization firms and professionals.

Breakwater Equity Partners, a commercial real estate restructuring and investment firm, has won The M&A Advisor’s 8th Annual Real Estate Deal of the Year Award for its work on Met Center 10. The awards will be presented at the Awards Gala on Tuesday, March 11th at The Colony Hotel in Palm Beach, FL.

26 tenant-in-common owners purchased Met Center 10, a 345,000 square-foot building in Austin, TX, for $44.8MM in 2005. The expansive soils under the building caused structural damage that made refinancing next to impossible. Some of the owners were retired and depended on the distributions to supplement their fixed income; they couldn’t afford to lose this significant investment. The owners hired Breakwater when foreclosure was imminent. Breakwater successfully restructured Met Center 10 using a unique multidisciplinary approach and a comprehensive strategy. The restructuring included the first ever successful tenant-in-common bankruptcy reorganization, a $3.7MM remediation construction project, several lawsuits, and $11 million in litigation settlements for the owners.

“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. Breakwater Equity Partners was chosen from over 500 participating companies to receive the award. It gives us great pleasure to recognize Breakwater Equity Partners and bestow upon them our highest honor for distressed investing and reorganization firms and professionals,” said David Fergusson, President, the M&A Advisor. “Breakwater Equity Partners represents the best of the distressed investing and reorganization industry in 2013 and earned these honors by standing out in a group of very impressive candidates.”

The M&A Advisor will present the 2014 awards at a black tie Awards Gala at The Colony Hotel in Palm Beach, FL, in conjunction with the 2014 M&A Advisor Distressed Investing Summit that will feature 175 of the industry’s leading professionals participating in exclusive interactive forums led by a faculty of restructuring industry stalwarts and Bloomberg media experts. For an event profile CLICK HERE.

“We are delighted to be recognized by The M&A Advisor for our consulting work on the Met Center 10 restructuring. It was both a challenging and rewarding project,” said Phil Jemmett, Breakwater CEO. “We couldn’t have finished implementing the strategy without the patience and fortitude of the owners, and we are extremely pleased with the outcome.”    

About Breakwater Equity Partners
Breakwater Equity Partners is a San Diego-based commercial real estate advisory, restructuring and investment firm. Through Breakwater’s extensive experience on over 300 engagements with loan values in excess of a $4B, the firm has devised a unique, multidisciplinary approach to analyzing and optimizing commercial assets. Breakwater’s professional team combines legal, capital markets, financial, economic, lender, tax, and regulatory expertise to devise customized strategies for each property regardless of market (primary to tertiary), asset class (office, retail, multi-family, industrial, flex, land), loan type (portfolio or CMBS) or circumstance (performing or non-performing).

Breakwater Equity Partners, please call 858-490-3630 or visit

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Melanie Tucker

Melanie Tucker
since: 06/2010
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Breakwater Equity Partners
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