|By PR Newswire||
|September 18, 2012 07:30 AM EDT||
JACKSONVILLE, Fla., Sept. 18, 2012 /PRNewswire/ -- Pine Street Partners, Inc., has been awarded a GSA Schedule 520 contract (FINANCIAL AND BUSINESS SOLUTIONS [FABS]), and is now certified to provide Real Estate Advisory, Management and Transaction Services to the Federal Government. Acknowledging the growth in federal spending through the General Services Administration (GSA), Pine Street Partners has placed their investment, advisory and transaction services on the government's electronic ordering system, GSA Advantage!®.
"With almost a century of combined experience in the real estate advisory and transaction business, the opportunity to service federal agencies and help them take control of and manage some of their excess real estate inventory, opens up significantly more markets for us throughout the country" states Gus Adams, Managing Partner at Pine Street Partners, Inc. He continues, "Our Company can reach beyond the federal level to numerous state and municipal governments throughout the country as they will be able to secure our strategic real estate planning services from a vetted government contractor assuring them the same level of service and quality."
Few firms have the knowledge, understanding and success record as broad and varied as Pine Street Partners. For example, Pine Street was a key player in the $5.6 billion financial restructuring of Olympia & York Companies (USA) as they successfully emerged from bankruptcy, one of the largest such restructurings in history. Moreover, the firm was involved in the restructuring of a $250 million permanent loan on the Chicago Merchandise Mart with the Metropolitan Life Insurance Company. More recently, Pine Street was retained as Asset Manager for Boot Ranch a 2000 acre high end second home golf course community, located in Fredericksburg, TX. The owner has over $150.0 million invested in this property.
About Pine Street Partners, Inc.
Pine Street Partners is a national real estate management, advisory and transaction firm with extensive experience managing upscale second home and resort communities. Their primary focus has been on assisting owners as they seek to sell, re-capitalize or restructure complex, dynamic real estate such as master planned amenitized communities, office portfolios or raw land holdings often involving the placement of conservation easements. The firm's partners have worked for large real estate organizations in the past and seen first-hand the need for highly focused boutique investment advisory and transaction services. This is particularly needed in the real estate world today. Intellectual capital of the highest order must be invested early on in order to achieve success. Visit www.pinestreetpartners.com for more information.
Contact for Pine Street Partners, Inc.: Richard Sopher, Partner at 239.877.7727
SOURCE Pine Street Partners, Inc.