Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Former Freddie Mac National Director Partners with Billion Dollar Investment Fund to Launch Neighborhood Revitalization Consulting Firm APD Solutions

Mon. June 15, 2009; Posted: 03:05 PM
Stocks RSS
ATLANTA, June 15, 2009 /PRNewswire via COMTEX/ -- FRE | Quote | Chart | News | PowerRating -- Asset Property Disposition, Inc. (APD) and Waterfall Asset Management (WAM) announced today the launch of APD Solutions, LLC (APDS). Nationally recognized community development leader and former Freddie Mac National Director of Expanding Markets, Vaughn D. Irons, will serve as the firm's Chief Executive Officer. Waterfall's billion dollar investment portfolio and extensive experience in affordable housing finance will provide capital market support for socially responsible investing and other resources needed to help penetrate key markets and grow the firm's client base. APD will provide neighborhood planning and strategic guidance as the two firms collaborate on offerings.

Headquartered in Atlanta, APDS was formed to address the needs of local governments and housing community activists in their effort to "jump start" and revitalize communities hardest hit by massive foreclosures and the depressed economy. Through its professional services, APDS will assist stakeholders in developing a sustainable framework that keeps neighborhoods and surrounding communities viable.

"The current housing industry crisis has created the residual negative effect of eroding support for housing programs in targeted markets and underserved households," said Vaughn Irons, Chief Executive Officer of APDS. "There needs to be an ongoing commitment to providing working families a safe path to responsible housing choices," said Irons. "One of our goals is to provide strategic counsel and real estate expertise to those local governments, and organizations that have secured federal funding through the Neighborhood Stabilization Program," Irons added.

In light of the changing market environment and increasing foreclosure epidemic, APDS has adopted a two-fold business strategy. The central tenet is to provide strategic management services and assist with the implementation of revitalization efforts in stricken areas nationwide. Secondarily, it will provide comprehensive real estate services to institutional investors, local governments, banks, and community stakeholders.

APDS services include asset management, property acquisition, real estate disposition, due diligence and valuation, and property management services. Combined with the overarching advisory and technical assistance capabilities, APDS is offering a one-stop turn-key solution for their clients.

"As a nation, we find ourselves in a similar financial state as we did during the Savings and Loan fiasco of the 1990s," said Jesse Wiles, President, APD Inc. "We are seeing similar actions taken by the federal government now, as we did by the FDIC and RTC during that time. Vaughn and his team, in my opinion, are uniquely positioned to navigate those communities and investors with the greatest need to stabilize communities and grow.

Waterfall Asset Management is a significant investor with over 20 years experience in the brokerage community and investment management industry, and more than a billion dollars in assets under management.

"We are excited to partner with Vaughn and APD," said Tom Capasse, Principal of Waterfall Asset Management. "He brings a successful track record and keen understanding of the challenges community leaders as well as, investment managers face when confronting a crippled housing market."

Through its array of real estate and community development consulting services, APDS offers its clients unparalleled service and expertise. To effectively respond nationwide and beyond the Atlanta base of operations, APDS has formed and staffed offices in Chicago, Dallas, Jacksonville and San Francisco. Organizations looking for guidance on revitalization issues or the handling of distressed asset portfolios should call (404) 921-3131 or visit the APDS website at www.APDSolutions.com

About APD Solutions

APD Solutions, LLC is a national Neighborhood Revitalization Firm created to provide community development consulting and comprehensive real estate services to public and private sector clients. Our goal is Restore credibility in the housing industry, Rebuild challenged neighborhoods and Renew the lives of impacted families. APD Solutions has a talented staff with over 200 years of combined relevant housing industry and real estate experience. We have offices in Atlanta, Chicago, Dallas, Jacksonville and San Francisco. For more information, visit www.apdsolutions.com.

About Waterfall Asset Management

Waterfall Asset Management (WAM) is an SEC-registered Investment Advisor specializing in High-Yield Asset Backed Securities and Non-performing residential mortgage loans. WAM has $1.1B of Assets Under Management (AUM) and is sponsored by MD Sass Group a 35-year old firm with $8B of AUM in conjunction with Macquarie Bank Ltd with $200B of AUM. For additional information, visit www.waterfallam.com.

About Asset Property Disposition

Established in 1990, Asset Property Disposition, Inc. is a minority owned firm based in Jacksonville, Florida. We offer program design, real estate and urban planning services. Since the early 90s, we have strategically acquired, managed, and marketed properties for a wide range of clients including local, state, and federal government, redevelopment authorities, foundations, and real estate developers. APD pioneered the concept of using foreclosed and tax delinquent property as the basis for inner-city neighborhood revitalization initiatives. The founder and owner, Jesse Wiles, has been a leader in the field of real estate services and property disposition strategies in communities throughout the United States.

SOURCE APD Solutions, LLC

http://www.apdsolutions.com
For full details on Freddie Mac (FRE) click here. Freddie Mac (FRE) has Short Term PowerRatings of 6. Details on Freddie Mac (FRE) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [FRE]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.