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Friday, 07 October 2011

Helios Buys Situs

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Helios AMC, a CMBS special servicer backed by Ranieri Partners, has acquired Situs Cos., a Houston advisory firm that provides a variety of due diligence, valuation and asset-management services for its clients.

Terms of the transaction were not disclosed.

Helios is actively handling 190 mortgages with a balance of $3.6 billion as a CMBS special servicer, giving it 15.6 percent of all CMBS loans that are in the hands of special servicers. Situs provides a broad range of services to the real estate industry, including servicing, outsourced underwriting and brokerage.

As part of the acquisition, the combined company will operate as the Situs Cos. and will be based in Houston. Keith Johnson, chief executive of Helios, has been named chief executive of the combined company.

John Maute and Eric Lindner, who co-founded Helios, will oversee the company's distressed asset-acquisition and special servicing operations.

"We feel we have created the most comprehensive services platform in the industry," Johnson said. "The combined company offers clients a compelling strategic value proposition."

Ralph Howard and Martin Bronstein, who co-founded Situs, were named president of the company's European operation and president of Situs Asset Solutions, respectively. Steve Powel was named president of North America.

The combined company has a staff of 400 in 12 offices in the United States and Europe.

Ranieri Real Estate Partners was financial adviser to Helios, while Duff & Phelps was adviser to Situs.

Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.



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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mergers & Acquisitions (M&A)
  • Company: Mission Capital
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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