After thirty-five (35) years in the commercial real estate business, the past twenty (20) in distressed loan sales, it is fair to say that I have been to a few conferences. I have been on the board of directors for a number of years of both the Risk Management Association (RMA) and of the Turnaround Management Association (TMA) serving as President of the TMA Oklahoma Chapter for 2010 and as such produced and hosted many distressed asset events.
Many of the distressed asset events I attend have a large number of "service providers" and small number of "lenders" represented and typically very few "qualified" bankers in attendance. I attended my first IMN event in February 2011 in Ft. Lauderdale and my next in March in New York. At both events I was pleasantly surprised at the number of executive level bankers in attendance and even more surprised at their interaction.
Although the agenda was quite packed, with most panels sitting less than an hour, the message was on point and the interactivity between the panelists and attendees was not just informative but immediately useful. I could see where an attending seller or a buyer of distressed assets could go back to the office the following day and successfully implement many of the ideas and best practices.
I was impressed enough to commit both Benewolf and my partner Sperry Van Ness to attend, speak and sponsor three (3) more events in 2011. I heard it said at the February IMN event that 2011 is "the year of the loan sale." I began believe it then, I definitely believe it now. Come join us in September in Chicago and Los Angeles and in Dallas in December, you will not be disappointed.
Bank & Financial Institutions Special Assets Executive Forum on Real Estate Workouts
Chicago, IL - September 12-13
Los Angeles, CA - September 23-27
Dallas, TX - December 5-6
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