NAI Global Forms Venture with Bluestone Real Estate Capital

NAI Bluestone to Assist Lenders, Property Owners in Credit-Starved Property Markets

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today the formation of a new venture with real estate investment banking firm Bluestone Real Estate Capital to provide creative financing solutions tailored to today’s challenging financial markets.

Bluestone Real Estate Capital is a real estate investment banking and advisory firm that specializes in arranging debt and equity financing for private and institutional property owners, developers and investors in major markets throughout the U.S. The company completes over $1 billion in transactions annually with a client roster that draws from leading institutional capital providers.

NAI Bluestone Real Estate Capital will work with lenders, property owners and investors to arrange debt and equity financing for commercial real estate assets. The NAI Bluestone team will also leverage their extensive experience working with banks and financial institutions to provide asset recovery strategies for non-performing and underperforming real estate assets, including asset evaluation, repositioning and disposition of properties and loans.

NAI Global President & CEO Jeffrey M. Finn and Bluestone Real Estate Capital Chairman Matthew McManus, said NAI and Bluestone joined forces in response to an urgent need for these services as the economic correction and credit crunch that started in the residential sector continues across most commercial property markets. The market today has become gridlocked with credit-starved property owners in desperate need of financing and lenders overwhelmed by problems in their existing loan portfolios.

“The turmoil in today’s capital markets has had a tremendous impact on lenders, who need help working through problems in their commercial real estate mortgage portfolios, and property owners and investors who are having trouble finding the financing they need for existing projects as well as new investments,” said NAI Global’s Finn. “Bluestone’s capital markets expertise dovetails nicely with our Asset Optimization practice and Accelerated Marketing Program, creating a debt and equity financing, asset disposition, repositioning and loan sale practice that is in high-demand in today’s market.”

“Bluestone is focused on providing innovative solutions to lenders who are facing one of the most difficult periods in commercial real estate history,” said Bluestone’s McManus. “NAI Bluestone combines NAI Global’s local market expertise and global reach with Bluestone’s commercial real estate debt and equity financing capabilities, creating a service offering to meet property owners and financial institutions’ immediate needs.”

NAI Bluestone is based in Philadelphia, PA, and works through NAI Global’s managed network, which includes over 5,000 professionals and 325 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.
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