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SOURCE DealPoint Merrill
LOS ANGELES, Oct. 18, 2013 /PRNewswire/ -- Sperry Van Ness International Corporation (SVNIC), one of the most innovative commercial real estate firms in North America with approximately $7 billion in annual sales volumes, continues its forward thinking by expanding its national equities platform via a strategic alliance with DealPoint Merrill.
As a strategic alliance partner, DealPoint Merrill Equities, a subsidiary of DealPoint Merrill and an affiliate of The Merrill Group of Companies will provide Sperry Van Ness® advisors' and their clients with value added real estate co-investment opportunities and development services. Based in Los Angeles since 1985, The Merrill Group of Companies has established an enviable track record of success with a scope of operations encompassing development, acquisitions and property management for its own account. The managing members are David Frank and Sterling McGregor. The managers individually have over 28 years of commercial real estate and capital markets experience. Michael Gustafson is serving as the President of DealPoint Merrill Equities, and will direct the new partnership. You can contact Michael at dealpointmerrill.com with any questions.
Mr. Kevin Maggiacomo, President and CEO of Sperry Van Ness International Corporation (SVNIC) says, "We are proud to have DealPoint Merrill as a strategic alliance partner. The DealPoint Merrill executive team are gifted professionals who bring a vast amount of knowledge and good judgment to our clients and colleagues." He continues by saying, "We continually strive to provide the highest level of service and find new ways to add value for our clients. We believe our relationship will increase the preeminence of the Sperry Van Ness brand of innovative thought leaders."
David Frank, CEO for DealPoint Merrill says "We believe there is considerable demand for redevelopment and adaptive reuse real estate investments designed for Sperry Van Ness advisors and 1031 exchange investors." He continues by saying, "our investment philosophy is rooted in acquiring value added properties at deeply discounted prices; thereby creating an immediate margin of safety for our investors. With our first priority being capital preservation, we look to quickly add investment value through adaptive reuse or redevelopment strategies. We then sell our co-investment properties, once we stabilize operating performance, and market conditions make sense."
Sterling McGregor, the company's Chief Investment Officer, echoes Mr. Frank's thoughts by further saying "As a co-investor in our transactions, we look to acquire investments where we can quickly maximize value, then refinance or sell the property providing for a prompt return of investment capital." He continues the thought by saying, "Our exit strategy is keenly focused on keeping what we have made. Consequently, we provide exit strategies designed to protect our investor's hard won profits. Secondly, we focus on proven asset types that will provide a strong margin of safety in case the market changes."
About Sperry Van Ness International Corporation
Sperry Van Ness International Corporation, a commercial real estate services franchisor, is the 10th most recognized commercial real estate brokerage in the U.S., according to the annual Lipsey Survey. The Sperry Van Ness organization includes more than 175 locations in 36 markets. With headquarters in Irvine, Calif., Sperry Van Ness Commercial Real Estate Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information, go to www.svn.com.
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