NAI targets troubled assets

By Kyle Swenson Posted on February 19, 2009 at 4:01 pm

NAI Nashville said today it would introduce new measures to help banks and owners sell troubled real estate holdings. The Commercial Property PowerSale, created by NAI Global, aims to accelerate the marketing of properties with a combination of live online property auctions and sealed bids. The initiative also looks to aggressively advertise assets in print, online and broadcast.

With more than $400 billion real estate loans coming due in 2009, many in the industry are expecting a flood of troubled assets to land in the hands of creditors. Already there are $25.7 billion in troubled assets in today’s market, according to numbers from Real Capital Analytics.

For more information visit NAI Global’s site.

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Tags: commercial real estate, distressed assets, NAI Global, NAI Nashville  

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