Proequity News

LNR Partners Names ProEquity Asset Management as Manager of Coliseum Center

OAKLAND, Calif. – ProEquity Asset Management Corporation (ProEquity) has been named manager of Coliseum Center, a 70,814 SF neighborhood shopping center located at 610-640 Hegenberger Road in Oakland. ProEquity will be assisting the CMBS Management firm, LNR Partners, transition the property for eventual lease or sale since they foreclosed on it in March. CBRE, Inc. will be leasing the former Pak ‘n Save. The property, near the Oakland Coliseum, is a redevelopment opportunity in the heart of Downtown Oakland and will most likely attract a retail tenant.

ProEquity Asset Management is a fully integrated commercial real estate service company providing a full service range of solutions, including fiduciary, operational and transactional services, with offices in California, Utah and Arizona, operating property throughout all of the Western United States.

May 12, 2016 ProEquity Asset Management Designated as Manager of Amador County HHS Building

SACRAMENTO, Calif. – Jeffrey P. Fanzo of ProEquity Asset Management Corporation (ProEquity) has been named the court appointed receiver of River Park Offices, the 70,945 SF class-C office complex located at 1540, 1555, and 1565 River Park Drive in Sacramento. Under Fanzo’s leadership, ProEquity will act as the exclusive management and leasing agent for the project. ProEquity has assumed immediate oversight and is working to stabilize the property’s operations.

ProEquity’s property management team plans to add value to the office complex by addressing maintenance issues, abstracting leases and establishing processes to improve tenant and client communication. During this time, the ProEquity leasing team will begin a campaign focused on acquiring new leases for the building, which consists of small office suites and private executive offices.

“ProEquity has a track record of successfully bringing receivership and REO properties back to stabilization,” said

Michael Turner, ProEquity Managing Director. “Our management team on the operational, marketing and transaction side will continue to apply value-add strategy that has proven to be an instrumental factor in helping lenders and special servicers throughout the Western United States.”

ProEquity Asset Management is a fully integrated commercial real estate service company providing a full service range of solutions, including fiduciary, operational and transactional services, with offices in California, Utah and Arizona, operating property throughout all of the Western United States.

ProEquity Asset Management Named Manager in River Park Offices Receivership

SACRAMENTO, Calif. – Jeffrey P. Fanzo of ProEquity Asset Management Corporation (ProEquity) has been named the court appointed receiver of River Park Offices, the 70,945 SF class-C office complex located at 1540, 1555, and 1565 River Park Drive in Sacramento. Under Fanzo’s leadership, ProEquity will act as the exclusive management and leasing agent for the project. ProEquity has assumed immediate oversight and is working to stabilize the property’s operations.

ProEquity’s property management team plans to add value to the office complex by addressing maintenance issues, abstracting leases and establishing processes to improve tenant and client communication. During this time, the ProEquity leasing team will begin a campaign focused on acquiring new leases for the building, which consists of small office suites and private executive offices.

“ProEquity has a track record of successfully bringing receivership and REO properties back to stabilization,” said Michael Turner, ProEquity Managing Director. “Our management team on the operational, marketing and transaction side will continue to apply value-add strategy that has proven to be an instrumental factor in helping lenders and special servicers throughout the Western United States.”

ProEquity Asset Management is a fully integrated commercial real estate service company providing a full service range of solutions, including fiduciary, operational and transactional services, with offices in California, Utah and Arizona, operating property throughout all of the Western United States.

ProEquity Announces A New Receivership And Management Assignment

August 20, 2014 – El Dorado Hills, CA – ProEquity Asset Management announces a new receivership and management assignment.

Rick Lafranchi has been named court appointed receiver and ProEquity Asset Management has been named as manager of Apple Village, Woodland California. This project encompasses an outparcel in a Home Depot and Walmart anchored community center located in Woodland, just north of Sacramento.

The project has been placed into receivership by the special servicer, LNR Partners, and is currently under default.

ProEquity providing receivership, management and leasing services during this transition.

ProEquity Asset Management Announces Naming Of Co-Managing Director & Chief Investment Officer, Tyler Sheldon

July 7, 2014 – El Dorado Hills, CA – ProEquity Asset Management announces the naming of Co-Managing Director and Chief Investment Officer, Tyler Sheldon.

Tyler will be focused primarily on the continued growth of ProEquity’s acquisition program focused on opportunistic ventures though out the Western United States.

Tyler joins ProEquity as an active principal investor and manager of investment and development strategies. His commercial real estate experience includes brokerage and investment transactions valued at over $500M. Additionally, he has actively managed over 4 million SF of properties in CA & NV.

Tyler graduated from the University of California, Berkeley with a Bachelor’s degree in Political Science. His commercial real estate background includes finance, asset and project management at Union Property Capital, a general partner and developer of value-add San Francisco bay area projects acquired through institutional vehicles. Tyler also built & expanded the Asset Services platform for both Kidder Mathews and Voit Real Estate Services in Northern California for a wide range of Bank, Private and Special Servicer clients.

Tyler’s skill set continues to enhance the available services and experience offered by ProEquity that will translate to stronger operations for its clients and partners and continue to accelerate the growth and management of the company.

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