CORFAC News

NEWPORT BEACH, Calif., (March 2, 2010) – Anticipating the growing needs of owners of distressed commercial real estate assets, Voit Real Estate Services has hired Matthew W. Stephenson as an asset manager, according to John Strockis, executive managing of director of asset services for Voit Real Estate Services.  Stephenson was formerly a vice president with Buchanan Street Partners.“Voit has spent the past 14 months building on its nearly four decades of asset services expertise by hand-picking the very best commercial real estate professionals in the Western United States to bring into its asset services platform,” Strockis explains. After hiring industry heavyweight Brian Malliet as a partner of the firm, Voit Real Estate Services hired 24-year CBRE veteran Strockis in May of 2009, as well as a new director of operations, former Watermarke Properties executive Jeff Doan.  In August, Voit hired former LaSalle executive Will Robb as an asset manager, in addition to bringing in former Grubb & Ellis top manager Kurt Strasmann to head its Orange County and Inland Empire operations.  Most recently, Voit has added former Opus West and Trammel Crow real estate professional Christopher Wood as its managing director for San Diego. “This team is a premiere industry leadership group strengthening our asset services platform in the Western United States,” Strockis said.  “We have now begun our initial assignments from major financial institutions and banks to take their distressed assets and use our knowledge and expertise to create the highest value possible. Voit Real Estate Services provides a single-point, full service platform for individual properties or portfolios, including asset services, brokerage, construction management, development, property management, strategic planning and financial modeling, entitlement work, financial reporting, and development of exit strategies. “Unlike other companies that may be attempting to gather together the correct services to fill this role through strategic alliances, Voit has been providing these services to financial companies and institutions for the last 39 years,” Strockis added.  “Our new team members bring heightened expertise and preparedness to our existing service lines to meet this increasing demand.”“Voit Real Estate Services is also unique in that it is regional in scope, privately owned and operated, and has been through all the various market cycles since 1971.  This intimate knowledge of the Western United States, of working through the most challenging markets, and of doing so as a cohesive team, will positively impact the work Voit Real Estate Services performs for banks, financial institutions and owners of distressed assets over the next several years,” he said.Stephenson will be responsible for marketing Voit Real Estate Services and will also manage a portfolio of third party assets, developing strategies that maximize value for each asset.  Previously, Stephenson has held positions responsible for acquisitions and dispositions, workouts and portfolio/asset management for Equity Office Properties Trust, CarrAmerica Realty, Ernst & Young, and most recently Buchanan Street Partners.Stephenson is a member of the Urban Land Institute and the National Association of Industrial and Office Properties.  He holds a degree in Real Estate Finance from Pennsylvania State University.Voit Real Estate Services is one of the largest privately owned, debt-free commercial real estate services firms serving both institutional and private clients in the Western United States.  With offices in California, Nevada and Arizona, Voit Real Estates Services can scale asset management, property management, market research, property leasing and sales, financial underwriting, construction and development services to its clients’ individual needs in any market. The firm’s nearly four decades of real estate ownership experience, combined with its asset management platform, provides clients with strategic alternatives, which allow owners of distressed real estate assets to maximize proceeds while minimizing risk. Voit Real Estate Services was founded in 1971 by Robert D. Voit, who continues to lead the firm. Known for its personal, nimble and responsive service culture, Voit Real Estate Services has developed, acquired or managed more than 40 million square feet of commercial real estate and transacted sales and leases valued in excess of $25 billion. Additional company information is available at www.voitco.com.

Contact: 

Judith Brower/Monica Seely

Brower, Miller & Cole(949) 509-6551mseely@browermillercole.com