New Group focuses on balance sheet, mezzanine, b-piece and equity investments.
SITUS CREATES STRUCTURED SOLUTIONS GROUP TO ADDRESS MARKET NEEDS
NEW YORK, March 7, 2016—Situs, the premier global provider of strategic Real Estate business solutions for the Financial Services industry, today announced the creation of the Structured Solutions group, a new specialty practice in due diligence and underwriting. The new group, headed by Zenobia Tambuvala, will focus on balance sheet / transitional loans, mezzanine loans, b-piece investments, and equity investments. Situs Director Eugene Venanzi will oversee the group’s New York staff, reporting in to Ms. Tambuvala.
“Having a dedicated effort in these areas, particularly around retained risk, ensures that Situs continues to provide the best possible service to our clients as the marketplace evolves,” said Nick Rudenstine, President of Situs. “We expect this to be of increasing importance over the coming 12 to 24 months.”
Ms. Tambuvala, who has more than 30 years of real estate experience including nearly 20 years at Situs, has been involved in some of the largest transactions in real estate, as well as in the valuation of some of the most notable landmark buildings. Throughout her career, Ms. Tambuvala has consulted on commercial real estate transactions in the United States, Europe, Canada, Mexico and the Caribbean.
Situs is the leading consultant to the real estate financial services industry. For more than 30 years, Situs has offered a broad portfolio of strategic solutions including Real Estate Advisory, Regulatory Compliance, Asset/Loan Servicing, Data Management, Valuation and Technology Solutions to help clients gain unique market insight, manage risk and increase efficiencies. Based in Houston, TX, Situs has offices across the US, Europe and Asia and has been involved in more than $1 Trillion of total real estate deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $100 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2015 and 2016, Situs was awarded “Advisor of the Year” by Real Estate Finance & Investment. Situs Capital Management, LLC, a wholly owned subsidiary of Situs, is member of FINRA and SIPC and is a broker dealer registered with the SEC. For more information, please visit www.Situs.com.