"Troubled Properties: A Practical Guide for Turning Around Troubled Assets" Published by IREM"

Latest in "IREM Key Report" Series Addresses Challenges And Provides Solutions

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(CHICAGO, IL, Oct.24, 2011) Turning around a troubled property ranks among the most formidable challenges that real estate managers will encounter in their career. While no one-size-fits-all template exists for managing troubled properties or providing counsel on how to deal with them, a new publication from IREM provides solutions and a frame of reference to address the most common challenges.

Titled “Troubled Properties: A Practical Guide for Turning Around Troubled Assets,” the publication is the latest in a series of offerings called IREM “Key Reports,” each of which analyzes and contains guidance on handling an important issue or challenge impacting the real estate management industry. And regardless of skill level, real estate managers will gain invaluable, “how to” guidance from the new report that will help them work toward, and then achieve, the end goal of turning around a troubled asset. They also will come away with a comprehensive understanding of how to evaluate and resolve troubled assets for both residential and commercial property types.

In-depth case examples that present scenarios, examine potential problems, and provide solutions for turning around troubled properties, are among the report’s major features.   Also included:

  • Economic downturns in relation to troubled properties
  • Effective management operations
  • Refinancing or restructuring loans
  • Use of vacant space for shopping centers
  • Receivership and foreclosure
  • Developing an exit strategy
  • And much more.

PRICE AND ORDERING INFORMATION
Troubled Properties: A Practical Guide for Turning Around Troubled Assets, is priced at $39.95 for IREM members and $49.95 for non-members, (plus shipping and applicable state sales tax). To order, contact the IREM Customer Relations Department at 430 N. Michigan Ave., Chicago, IL 60611, or call toll-free at (800) 837-0706, ext. 4650. Credit card orders (VISA, MasterCard, American Express, and Discover) can be faxed toll-free to (800) 338-4736 or e-mailed to getinfo@irem.org. Internet users can order the publication online at www.irembooks.org.

 ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affiliate of the National Association of Realtors, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 80 years.

IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 international chapters, and several other partnerships around the globe. Worldwide membership includes nearly 18,000 individual members and over 535 corporate members.

IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager (CPM) designation, the Accredited Residential Manager (ARM) certification, the Accredited Commercial Manager (ACoM) certification, and the Accredited Management Organization (AMO) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. IREM also offers CPM Candidate, Associate, Student, and Academic memberships. All members are bound by the strictly enforced IREM Code of Professional Ethics.

Collectively, CPM Members in the United States manage nearly $2 trillion in real estate assets, including 11.4 million residential units and 10.4 billion net square feet of commercial space. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.