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AEW awarded contracts.

Aldrich, Eastman & Walteh, L.P., was awarded management responsibilities for contracts to service over $210 million of assets in two sellerfinanced transactions involving real estate mortgages and buildings sold to private concerns by the Resolution Trust Company, it was announced today.

Under the fee-based arrangement, AEW will service $110 million of cash flow mortgages representing 25 separate office properties and hotel sold to an investment group and in excess of $100 million in a secured pool of 55 hotel assets in related areas sold to an investment partnership.

AEW's principal activity is providing real estate and asset management services to large institutional investors, such as pension funds. The firm said its selection for lifts assignment reflected not only AEW's capabilities in transaction servicing, but also its asset management expertise and its knowledge of the office and hospitality markets. Accordingly, the firm said, it will act for the RTC in the management and workout of the assets, as well as handling all related collection and payment functions.
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Title Annotation:Aldrich, Eastman and Waltch L.P. awarded contract to manage contracts for service of assets involved in real estate mortgages and buildings sold to private concerns by Resolution Trust Corp.
Publication:Real Estate Weekly
Date:Jan 20, 1993
Previous Article:Mack J. Marsh.
Next Article:Theater building to sell.

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