We’ve all seen them. Homes with unkempt lawns, boarded up windows and perhaps even vandalism. While the real estate market in Atlanta is not as dire as other locations, foreclosed homes dot the landscape across the metro area. ULI Atlanta wants those homes sold as soon as possible to buyers who will move in or revamp them.
To aid potential buyers, ULI Atlanta, a district council of the Urban Land Institute, is hosting “Meet the FDIC: Acquisition of Failed Real Estate Assets” as a way to teach metro Atlantans the process of buying failed properties. Leading the seminar is Henry Lorber who is Managing Director of Hayes Financial Consulting and Principle of Realty Asset Management. He will discuss topics such as how to navigate the current governmental environment and develop a strategy to acquire bank real estate assets. Other knowledgeable presenters include: Victor Robert with the FDIC; Ken Pearson of CB Richard Ellis; and James Thompson, Director of Prescient Asset Management.
“This is an extremely timely topic,” said Jeff DuFresne, executive director of ULI Atlanta. “It’s important to everyone that both these properties become acquired by solvent buyers and are either reopened or resold. Everyone on the panel is extremely knowledgeable on the topic and each panelist brings a unique insight and opinion to the seminar.”
The event will be January 14 at 7:30 a.m. on the 24th floor of the Sovereign building in Buckhead.
You can register for this event with ULI Atlanta. This event is open to the public and on-site parking is free. For more information about the seminar, contact ULI at 770-951-8500.
The Sovereign building is located at 3344 Peachtree Road in Buckhead.