CNO Financial identified some surplus real estate due to consolidations on its corporate campus and streamlining of its operations. CNO Financial wanted to maximize the sale value in a timely manner.
“...Sam has demonstrated he is a very talented real estate professional with unique talents and skills. He has consistently helped me deliver excellent real estate results for Conseco. He is clearly a “cut above” the many brokers I have worked with over the years. If you need to achieve excellent results in a timely manner, I heartily recommend Sam to assist you on your next real estate project.”
- Jerry Comanczuk, Former 2nd VP, Conseco
CNO Financial hired the RESOURCE Team, to dispose of its properties at the highest price and shortest time possible. Led by Sam Smith, the RESOURCE Team implemented their Sealed Bid - Accelerated Marketing Strategy to create maximum property exposure in the shortest time possible. Multiple “fair market” offers were generated for every property. RESOURCE created a very competitive bid situation -- yielding top market pricing -- in a timely manner. The Leasing Team led by Paul Dick, created value for the 105,000 SF building, raising occupancy from 3% to 82%. The Team also identified a large corporate user that was expanding in the area.
All four of the sale transactions, along with multiple lease deals, closed successfully which turned assets that were costing CNO Financial thousands of dollars in maintenance into millions of dollars in equity/liquidity surplus that they redeployed in their core business.
Note: We have several professionals with substantial client transactional experience prior to joining RESOURCE Commercial, which is included above.