Savanna Launches CRE Restructuring Platform

Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, has launched Savanna Advisory Services (SAS). The fee-based restructuring advisory unit offers restructuring and planning expertise along with full property-level execution of business plans to lenders and other commercial real estate market participants.

Current advisory assignments for the SAS unit include engagements for a global bank on a major NYC office building and a debt fund with a foreclosed mixed-use redevelopment project. Savanna has completed more than four million square feet of previous property restructuring experience with 14 different lenders and joint venture equity partners.

“Three years of COVID and two years of interest rate and capital markets illiquidity have put massive stress on property investments, and 2024 looks to be a crucial year when decisions must be made, and new plans instated and executed,” said Nick Bienstock, CEO of Savanna.

He continued, “Based on existing engagements and the multitude of additional inquiries, we believe there is considerable demand for restructuring advisory groups like SAS that can advise on complex restructurings and develop new business plans for distressed properties, providing full execution of the same by an experienced group.”