Parallel Asset Management LLC

Team Experience

The Parallel senior management team has extensive experience in four key disciplines:

Ownership and management

Direct property management as principal or third party of over 12 million square feet of properties

Office	Retail
Industrial	Residential

Full acquisition and project development experience including proactive management of the approval process, delivery of completed projects, major renovations, environmental remediation and project finance

Net Lease Finance and Investment

Parallel’s professionals have actively participated in the net lease finance and investment business for over 20 years, with significant involvement across the industry spectrum, including build-to-suit projects, corporate sale-leasebacks, principal investing, dispositions, and advisory.

Team members founded and managed market-leading corporate real estate investment platforms at two major U.S. financial institutions, which acquired as principal, arranged, or financed over $15Bn of single tenant net lease properties, including acquisition and development of over $300MM of build-to-suit projects for Fortune 500 companies. Having structured, negotiated and reviewed countless net lease agreements and related documentation, the Parallel team possesses an in-depth knowledge of the legal structuring elements of these documents, and an in-depth understanding of the operational, economic, accounting, and financial reporting impacts of net lease transactions.

Asset Management and Workouts

Parallel integrates seamlessly with your existing organizational structure in executing assignments. For the tenure of our engagement, we become you

Recent assignments include full service asset management and workout services on more than $1.2 billion of whole loans, B notes, mezzanine loans, real property and projects under development

Previously managed distressed asset resolution of more than $1.7 billion including REO, debt restructures and distressed debt sales

Lending and Capital markets

Formulated and executed acquisition strategy of a major financial institution; resulted in highly profitable purchase of over $750 million of undervalued CMBS

Provided consulting, valuation and underwriting services on over 1,000 loans to CMBS lenders and the purchasers of the most junior tranches of CMBS (“B Piece” buyers), with a value in excess of $20 billion

Originated and purchased over $2.5 billion of loans and CMBS through creation and ownership of one of the first CMBS conduits

Structured and underwrote over $3 billion of financings for local operators, private equity firms and institutional owners of real estate