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Thursday, June 10, 2010

NAI Global Forms Alliance with NRC Realty & Capital Advisors for Online Sealed-Bid Auctions

NAI Global Forms Alliance with NRC Realty & Capital Advisors for Online Sealed-Bid Auctions

PRINCETON, NJ, June 10, 2010 – NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has formed an alliance with NRC Realty & Capital Advisors, LLC. NRC will work with NAI Global brokers across the U.S. in disposing of single commercial properties and real estate asset portfolios via online sealed bid auctions.

NRC Realty & Capital Advisors, through its proprietary technology, database and sealed-bid marketing and sales process, is a national leader in conducting accelerated sales programs for commercial real estate. Their process includes designing and implementing the highest profile marketing and advertising plans to maximize exposure for assets, and communicating with the maximum numbers of qualified buyers to generate competitive bidding and obtain the highest sale prices. The sealed bid creates a ‘price discovery’ process where true market values are determined. The process is managed closely to ensure rapid closings.

NRC will become a strategic partner in the Commercial Property PowerSale?, adding to the program’s live auction and loan portfolio sales capabilities.

“NRC has been working with and creating opportunities for clients for more than two decades,” said Evan Gladstone, founder and executive managing partner of NRC. “We could not miss the opportunity to work with the professionals at NAI and to help reposition and relaunch the Commercial Property PowerSale? with our proven technology and sealed-bid platform.”

 “NRC should be high on any seller’s list as a source of high quality divestiture services,” said Jeffrey M. Finn, NAI Global President and CEO. “NAI Global’s Special Asset Solutions group assists banks, special servicers and others manage and dispose of assets throughout the U.S. Clients are seeking heightened exposure of their assets and rapid disposition. We see the alliance with NRC as the perfect complement to the traditional brokerage, live outcry and web services currently offered.”

NRC is based in Chicago, IL, and will work with NAI Global’s managed network which includes over 5,000 professionals and 325 offices in 55 countries.

About NAI Global
NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a netwo