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Judith Brower
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VOIT REAL ESTATE SERVICES POWERS UP TO MEET DISTRESSED PROPERTY OWNERS’ NEEDS WITH TWO NEW INDUSTRY LEADERS

NEWPORT BEACH, Calif., (July 13, 2009) – Anticipating the growing needs of owners of distressed commercial real estate assets, Voit Real Estate Services has announced that it has hired two new key executives to drive the firm into a more dominant position as one the strongest real estate asset advisory services firms in the Western United States, according to Robert D. Voit, founder and president of Voit Real Estate Services.

Earlier this year, Voit announced its refocus on its asset services capabilities, as well as the addition of industry heavyweight Brian Malliet as a partner. Voit Real Estate Services has now announced John D. Strockis as Executive Managing Director of its Asset Services, and Jeff P. Doan as Director of Operations.

“This team is a premiere industry leadership group for true asset service performance in the Western United States,” noted Voit. “We intend to quickly grow our share of market throughout the region based on our combined brain trust and Voit Real Estate Services’ nearly four decades of expertise in working through all cycles to increase the value of our clients’ and our partners’ assets.”

Voit Real Estate Services provides single-point service for properties and portfolios, including asset services, brokerage, construction management, development, property management, strategic planning and financial modeling, entitlement work, financial reporting, and development of exit strategies.

“Unlike other companies that may be attempting to gather together the correct services to fill this role through strategic alliances, Voit has all these services in its wheelhouse and has been providing them to financial companies and institutions for the last 38 years,” Voit explained. “Our new team members will bring heightened fire power to our existing service lines to meet the increasing demand.”

“In addition to its expertise as a total provider of real estate services, Voit Real Estate Services is unique in that it is regional in scope, privately owned and operated, and has been through all the various market cycles since 1971. This intimate knowledge of the Western United States, of working through the most challenging markets, and of doing so as a cohesive team, will make a large positive impact on the work Voit Real Estate Services performs for banks, financial institutions and owners of distressed assets over the next several years,” he said.

Malliet originally joined Voit in 1988 and worked in both brokerage and development for more than a decade prior to founding his own firm, bkm Development, at which he developed or acquired more than 2.8 million square feet, prior to returning to Voit Real Estate Services as a partner earlier this year.

In his new role as Executive Managing Director of Asset Services, Strockis will lead a team of portfolio managers, asset managers, property managers and financial analysts. His Asset Services Group will provide single-point contact service for lenders including banks, insurance companies, special servicers and public-sector entities.

Strockis brings more than 25 years of industry experience to the position. Most recently, Strockis led the West Coast Investment Advisory efforts for the Managed Accounts Group of CBRE Investors, where he completed more than 62 transactions totaling more than $2 billion working with clients including CalSTRS, Alaska Permanent Fund, Orange County Employees Retirement System, CBRE Realty Trust, Southwest Carpenters Pension Trust, and Illinois State Employees Retirement System.

Previously, Strockis held other positions in CBRE, including managing the business oversight of the CBRE Partners Program with 30 affiliate offices nationally.

As the new Director of Operations for Voit Real Estate Services, Doan will be responsible for operational functions related to the company’s multiple business lines.

Doan’s experience includes conducting leasing and sales analysis process and procedures, financial modeling for debt and equity placements, and creating acquisition and disposition structures as a third-party for firms such as Watermarke Properties, Donahue Schriber, McWhinney, and Integrated Real Estate Resources.

Previously, Doan served as Asset Management and Development Controller for Shea Properties, where he was involved in the placement of more than $1 billion in construction and permanent financing. Earlier in his career, he held positions with the public industrial and apartment REIT Pacific Gulf Properties, Prometheus Development and Western National Property Management.

Founded in 1971, Voit Real Estate Services is a boutique investment advisor and full-service real estate firm with a platform in place to assist owners and financial institutions to derive the best options for properties within their control. The firm provides single-point service for properties and portfolios, including asset services, brokerage, construction management, development, property management, strategic planning and financial modeling, entitlement work, financial reporting, and development of exit strategies.

Voit Real Estate Services has handled asset services for dozens of institutional and private clients, as well as for its own portfolio. Headquartered in Newport Beach, California, Voit Real Estate Services has additional cross current in-house real estate services, having developed or acquired 20 million square feet of commercial real estate, transacted sales and lease transactions valued in excess of $25 billion, managed more than 22.1 million square feet and constructed projects exceeding $1.3 billion in value. Further information is available at www.voitco.com.