A&G Real Estate Partners’ portfolio optimization of gift and stationery retailer Paper Source earned it a share of the “Distressed M&A Deal of the Year-Middle Markets” award at the Global M&A Network’s 13th Annual Turnaround Atlas Awards Ceremony.
For the second straight year, A&G Real Estate Partners, an advisory firm specializing in lease restructuring, real estate sales and auctions, won the real estate restructuring firm of the year award at the 13th Annual Turnaround Atlas Awards, a virtual event held from June 23 to June 25.
Structurally flawed businesses that survived 2020 are in greater danger of imploding in 2021, which could put further pressure on stakeholders in commercial real estate, Doug Greenspan, a managing director at A&G Real Estate Partners, said at a TMA conference.
A&G Real Estate Partners delivered $1.68 billion in occupancy-cost reductions for 51 retailers, restaurants, educational users, office tenants and fitness and entertainment operators in the first nine months of 2020.
A&G Real Estate Partners began marketing leases for approximately 280 store locations across the United States that are being closed by Stein Mart in connection with its voluntary Chapter 11 bankruptcy.
Douglas A. Greenspan joined A&G Real Estate Partners as a managing director. Greenspan is co-chair of the Turnaround Management Association’s NextGen Committee, New York City chapter, and a member of the American Bankruptcy Institute.
Jeffrey K. Hoffmann has joined A&G Real Estate Partners as a senior managing director and head of the firm’s restaurant division.