As the U.S. housing market continues to change, foreclosures and workout properties are now coming under the control of their financing partners. In most cases, the financing partner – whether an institutional lender or equity partner – is not a developer and is not necessarily equipped to reposition and bring the property to market. Today, many asset managers are not only responsible for the pro-forma, but are now charged with sales and marketing oversight of the projects they control. Montecito Residential, through its affiliate Montecito Realty Group is specifically founded and focused to market, manage and sell condominium, townhouse and single family homes. Since 2004, Montecito has closed over 8,500 units, valued at over $2.2 Billion.
Recognizing the need for a systematic approach to reposition and market distressed assets, Montecito Residential will quickly research your options, craft recommendations to optimize your position in the market and implement a strategy to reposition your asset. As your repositioning team, we will carefully and cohesively execute the approved plan, allowing you to focus on the big picture.