| April 2009 Today's commercial real estate market has challenged almost everyone in our industry and unfortunately, it may be sometime before we see meaningful improvements. While we continue to represent both buyers and sellers in the normal course of business, our company recognized early on that "business as usual" was not going to be possible. Subsequently, we focused on the expanding distressed commercial real estate market. Little did we know that it would become a very dominate market as 2008 ended. Our activites in this marketplace led us to many of the banks that are holding these assets and subsequently we have partnered with a banking consulting firm to represent a private equity fund that is acquiring distressed assets from banks. Our role is to present the program to pre-qualified southeast banks and to assist in the acquisition process. Subsequently, we expect to participate in developing and implementing exit strategies for the various assets acquired by the equity fund. In short, an acquisition program on the front and a placement program on the back. Please refer to our the tabs "Bank Asset Recovery" and "FAQ Bank Assets" for more information about this program. We believe our success in these programs will provide the seeds of a robust commercial real estate practice in the states we are serving. If you would like to know more about the properties either currently available or coming available in the future, please call or email myself or one of our advisors. Sincerely, Ron Peele President
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Don Deason Company
21329 Catawba Avenue
Cornelius, NC 28031
704-531-2339
F: 704-780-1570
Email Me
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