DALLAS-BASED CYPRESS EQUITIES AND SRS REAL ESTATE PARTNERS LAUNCH NEW SERVICE PORTFOLIO
Cypress Equities and SRS Real Estate Partners Maximize Real Estate Asset Performance with a Full-service Turn-key Approach to Retail, Mixed-use, and Resort Property Needs
(Dallas, TX) March 12, 2009 – Cypress Equities and SRS Real Estate Partners (formerly Staubach Retail Services) have joined together to offer Managed Services to help real estate developers, lenders, property owners, and investors strategically position their real estate portfolios through planning, analysis, and execution.
Managed Services is designed to enhance underperforming assets by offering strategic solutions in asset valuations and management, disposition consulting, property management, development services, construction management, tenant coordination, marketing services, leasing management, and financial services.
“In today’s challenging economic environment, many lenders and investors are finding themselves with underperforming real estate assets and are looking for ways to maximize the performance of those assets,” said Cypress Equities CEO, Chris Maguire. “Because Cypress Equities and SRS Real Estate Partners have such diverse and deep industry experience, we are able to create innovative resolutions for every stage of the development process.”
Cypress Equities and SRS Real Estate Partners implement a combined analytical approach that utilizes a variety of different specialties to define the value and potential value of real estate assets.
“By bringing together Cypress Equities and SRS Real Estate Partners, Managed Services will be able to leverage the core competencies of each group while creating a real estate synergy unlike anything in the marketplace,” said SRS Real Estate Partners CEO & President, Clay Smith.
Cypress Equities develops, operates, manages, and invests in destination-class retail, residential, mixed-use, and resort properties across the U.S. and offshore. Currently, Cypress Equities has more than $2 billion in projects with over 6 million square feet under development and management. SRS Real Estate Partners is the nation’s largest retail real estate services firm with over 300 dedicated retail real estate specialists. This concentration on and area of expertise in the retail arena provides excellence in local market knowledge on a national platform.
“Our experience and alliances provide a significant competitive advantage for our clients,” said Scott Harrington, partner for Cypress Equities. “Managed Services combines the development
and asset management capabilities of Cypress Equities, the market expertise and retail tenant relationships of SRS Real Estate Partners, and the experience of acquiring and repositioning distressed retail properties of Arrow Retail to create a team of senior professionals who are prepared to take on any real estate challenge.”
Arrow Retail
Arrow Retail acquires distressed retail assets and leverages Managed Services to provide creative solutions to reposition underperforming assets. The management of Arrow Retail has an extensive background in acquiring retail real estate. Arrow Retail selectively targets assets that can be strategically repositioned in the market to maximize their value. Visit Arrow Retail www.arrowretail.com for more information.
About Cypress Equities
Cypress Equities, formerly the development affiliate of The Staubach Company, was founded in 1995 and is headquartered in Dallas. Through its six development offices in Dallas; San Francisco; Fort Lauderdale, Florida; Atlanta; and Phoenix, Cypress currently is developing and managing over $2 Billion in projects throughout the U.S. and the Caribbean. Cypress is under construction on developments across the country consisting of community and power centers as well as vertically integrated mixed-use villages incorporating retail, residential, hotel, and office. Visit www.cypressequities.com for more information.
About SRS Real Estate Partners
The evolution of Staubach Retail into SRS Real Estate Partners brings more than 300 retail specialists, in 21 offices nationwide to this new name with a strong heritage. Clients of SRS Real Estate Partners have a competitive edge with the full range of services which include user representation, project leasing, land brokerage, disposition, investment services and real estate administration. Visit srsre.com for more information.