Distressed Property Services & REO Property Management
For partners with distressed real estate assets and REO property, EpiCity offers an unparalleled opportunity to maximize their value. We manage bank owned properties through court appointed receivership and have rehabilitated assets where investors, owners, and/or lenders realized real financial benefit from our ability to quickly understand the issues and reposition stressed assets for maximum value. EpiCity will listen, evaluate, create, and execute a rehabilitation plan both quickly and efficiently, breaking the asset “cycle of decline” before it’s irreversible.
- REO Property Management
- Court Appointed Receivership
- Distressed Real Estate Asset Consulting
- Real Estate Asset Protection Services
How We Help
Too often, there is a focus on just eliminating costs which can be detrimental to real estate operations. This thought process generally creates a self-fulfilling prophecy and sends the asset into an irreversible “cycle of decline.” Decades of experience rehabilitating distressed assets helps us know what to look for and helps us find the root cause of the issues plaguing the asset. We understand the situation, develop a plan, and execute a strategy to achieve the most favorable outcomes in tough circumstances.
We will optimize your business processes and streamline your asset management services. From property management to facilities management, you will have one point of contact creating a seamless experience for you and your tenants.
Liquidity determines whether assets will be sold quickly or slowly and if the price will be above or below market value. A property that is easy to sell and purchased at market value is liquid. We will increase your asset’s liquidity through asset repositioning, diligent facility management, cost controls, and proven marketing strategies.
When it comes to the eventual sale of the property, you can depend on EpiCity to market and sell your property to achieve the most favorable outcome for all interested parties. From strategic planning, pricing, and competitive analysis to contract negotiations, we’ll help you maximize your asset’s value.
For more information on limiting losses and maximizing recovery, please download our whitepaper on troubled assets. View Whitepaper.
Who We Help
We help lenders who have a troubled real estate asset on their books or through receivership. In most cases the bank has foreclosed on the property due to payment default or maturity default. At this point the lender is aware that the property is distressed and engages our help to manage every aspect of the asset from high-level strategy to boots on the ground facilities management. In other cases, when lenders start seeing the warning signs an asset may be headed for trouble, they engage EpiCity to audit the situation and provide a recommendation on how to proceed.
When an investor realizes that their investment is at risk, they contact EpiCity to assess the situation facing the property and to prevent the asset from falling into the Cycle of Decline. Being able to quickly identify key issues like mismanagement, unnecessary cost overruns, and declining rental rates, and then swiftly correcting the problems has prevented many of our clients’ assets from becoming distressed.
Through no fault of their own, an owner or developer may encounter hardships throughout the course of their project. Issues may include financial challenges, lending troubles, or problems with the general contractor. EpiCity assists these clients in turning a distressed project around before it’s too late, making it profitable once again.
Do You Have a Distressed Property?
When a property enters the cycle of decline, it can be hard to pull out. However, if you recognize the signs and know how to get help, you can improve your chances of successfully exiting. Download our white paper to learn how to limit losses and maximize recovery.
On top of the issues before they became a problem The staff at EpiCity is always there when we need them and here to help within 24 hours of when we call. Lately, we’ve had two instances when we called on EpiCity and the staff was on top of the issues before they became a problem. We appreciate the helpful staff who always takes the time to explain what’s going on. The Lumberyard is a vibrant property, and has grown tremendously since we came in nine years ago, as just the second tenant.
We’re happy The office was opened because of the proximity to Home Depot’s headquarters and Powers Ferry Business Park is very conveniently located to Home Depot, as well as the interstates. This is a great place to meet in Atlanta and show off our grills and accessories. We’re just four miles from Home Depot headquarters, and it’s easy for folks from Home Depot to stop by and see what we have to offer. We have an end location with receiving space, warehouse and display space, and a nice, well-maintained outdoor area, too. It is perfect for us. We’re happy.
A space that matches our personality We’ve worked with EpiCity to create a space that matches our personality. As soon as people walk in the door, they know who we are and what we are about. One of my favorite things about this space is I can sit on my couch in the office living area with my feet on the table, music playing, the garage door open, and can see my old office tower where I used to work. It is so good being here. We looked at many places before we found our space at Armour Junction and we intend to stay here for a while.
Easy to talk to and work with from day one I was searching online for warehouse space in the area and EpiCity popped up. I really liked the amount of information I found and the way it was written. I took two of our coaches with me and we met up with Allen and Tom of EpiCity, and they have been so easy to talk to and work with from day one that there was no need to look anywhere else. The team was able to create what I had imagined and more, and it looks fantastic.
Flexible, on time and even ahead of schedule EpiCity was willing to work with us to expand our space and accommodate our growth. EpiCity’s staff showed flexibility and built out our new suites, renovated our existing suites and created the spaces we needed for our fast-growing business. We are pleased with the custom build-out and they did a great job. They were flexible, on time and even ahead of schedule.
Everyone is very responsive I needed a larger space and was unhappy with my lease situation, so when I found the listing at 225 Curie Drive, I reached out and heard back from EpiCity President, Tom Stokes, personally. He coordinated a showing right away and I fell in love with the spot. We’re in the warehouse portion and we love the industrial feel. We also have a larger footprint now, expanding from 1,200 to 3,000 SF, and this space meets our needs perfectly. EpiCity also meets our needs – everyone is very responsive and quick to make any repairs or refinements necessary. The location is perfect, too, as we are in a busy area and have great visibility.
Very accommodating and helpful along the way Powers Ferry Business Park fits our needs with location and possibility for growth, starting with one suite and expanding to three. EpiCity has always been very accommodating and helpful along the way as our business has evolved. We are very pleased with our relationship with EpiCity. EpiCity’s management team and the entire staff are supportive of our needs and they have seen us through many expansions and specialized requests. They are also very understanding of production schedule and that the renovations can’t impact our business.
It’s a great location for us We love this busy, high traffic area because we host a lot of activities for our East Coast region, as well as hosting staff from all over the country. Now we are closer to the Braves stadium, great hotels, all sorts of entertainment, and not far from the airport. It’s a great location for us. We love the cement floors, industrial ceilings and murals – it’s a fantastic creative space for us.
Business is five times better than I had anticipated The flex space really sold us. The space gives us room to have our inventory right here and allows us to manage and control our inventory onsite. We have the unit in the corner which is nice because it gives us more windows. EpiCity has been good to work with. Everyone has been really nice and helpful. Business is five times better than I had anticipated, and I continue to see tremendous potential!
