Friday, March 20, 2009

NAI Commerce One / Jackson Hole Offers PowerSale Accelerated Marketing Program

PRINCETON, NJ, March 9, 2009 – NAI Commerce One / Jackson Hole announced it is participating in the Commercial Property PowerSale™, an Accelerated Marketing Program created by NAI Global to help property owners and financial institutions dispose of troubled real estate needs.

NAI Global is the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide. NAI Commerce One / Jackson Hole is the exclusive NAI member firm in Jackson Hole + Teton Valley markets.

“The global economic slowdown and frozen credit markets have caused a major disruption in the traditional property sales market, and we are working closely with our clients to find the right marketing solution for their properties,” said Steven Keim of NAI Commerce One / Jackson Hole. “NAI’s accelerated marketing program is a boon for clients who need to sell an asset or portfolio, but are having difficulty in today’s economy.”

The Commercial Property PowerSale™ employs a variety of accelerated marketing techniques that have proven effective in previous economic cycles when traditional sales channels are gridlocked. Property owners will have the option of offering their property for sale via a series of live online auctions, sealed bids or a unique combination of the two formats. Properties in the Commercial Property PowerSale™ benefit from an aggressive marketing campaign that includes focused print, broadcast and electronic advertising, and a direct-to-buyer outreach to more than 175,000 active buyers. Sellers are assured a shortened sales process and a date certain sale schedule. The three program options – Auction Marketing, Sealed-Bid and Sealed-Bid Plus™ – set up a competitive bidding environment that creates urgency, forcing buyers to act immediately.

“The Accelerated Marketing Program is designed to meet the demands of our clients – property owners and financial institutions – with troubled assets, as well as sellers with healthy properties that are having trouble finding a buyer in today’s market,” said Finn. “Together with our longtime partner, Higgenbotham Auctioneers International, we have successfully completed more than $2.3 billion in sales through accelerated marketing programs. We are able to leverage our knowledge and relationships with the most active buyers at any given time to help our clients achieve the best possible value for their asset, despite the current economic climate.”

The program is open to both private and institutional owners and will include the sale of both commercial real estate equity and loans. Sellers may submit an individual asset or an entire portfolio, and property types will include everything from office, industrial, retail, hospitality and multifamily properties, to residential subdivisions and land for development. Both performing and non-performing commercial real estate loans may also be offered for sale. The NAI team will evaluate each property and guide the seller through the program process, helping them to choose the sales vehicle that best suits their needs.

The May 1st PowerSale includes over 50 properties totaling $150 million in value. NAI Commerce One is working with Windermere Real Estate and the Grand Teton Team in offering two properties in Teton Valley, Idaho. Click here for more information.

Property owners and financial institutions interested in learning more about the Commercial Property PowerSale™ should visit or contact Meagan Hill at (307) 734-8700.

No comments: