TARA
TROUBLED ASSET RECOVERY ALLIANCE

TARA has one focus: to maximize the value of your non-performing real estate assets and return your invested capital and profits as quickly as possible.

TARA is a partnership among three veteran real estate professionals and their respective companies. We formed this alliance responding to the growing need for senior level real estate portfolio management. We provide you with turnkey service, providing everything you need to analyze, stabilize, and dispose of your assets. We have in-house asset management, property management, construction management, and brokerage services for all the real estate assets in your portfolio, including vacant land, retail, and office, industrial and multi-family properties.

TARA will serve as your “Special Ops” team and your in-house Commercial REO department:

• Scott Auker, head of the Asset Management Team, will serve as your point person throughout the process, giving you a single point of contact for all of your needs.

• A.J. Belt, head of the Property Management Team, will immediately secure your assets and provide all maintenance, repairs, tenant and vendor communications, accounting, banking and reporting as needed.

• Pike Rowley, head of the Disposition Team, will focus on the strategic positioning of your asset to best maximize its value.

TARA will first provide you with a comprehensive Strategic Disposition Plan (SDP). We will review every asset in your loan portfolio and outline the available disposition and recovery strategies ranging from an immediate sale to a longer term plan implementing a combination of our asset management services in order to stabilize the asset and command a higher market-rate sale. The adage “Price or Speed ... Pick One” applies here. To increase price you must decrease the speed of sale, and to increase speed you must decrease the price. We will also determine the profile of a generic buyer for the asset(s) and structure a marketing plan pinpointed to the targeted buyer. We will review all of these options with you, outline the advantages and disadvantages of each, and upon your approval pursue the course of action which best meets your needs.

TARA’s fee structure assures you that we share the common goal of maximizing the value of your portfolio. Our primary compensation results from a market disposition (brokerage) fee which is a percentage of the asset sale and is paid from the sales proceeds. The greater the amount recovered for you, the greater our fee. Our various asset and property management services are billed at industry standard rates to the extent they are required.

TARA was formed for times such as these. The principals have been in the business long enough to have experienced adverse economic conditions. We have been service providers for the FDIC, RTC, as well as numerous banks and life insurance companies for the management and disposition of their troubled assets. We are in the commercial real estate trenches every day. We know values. We know the intricacies of dealing with a multitude of property types. We know the players in the game. We will get your properties sold at the highest price as quickly as possible.

PIKE ROWLEY