New York, NY, December 04, 2009 --(PR.com
)-- Richard Hollowell, Managing Director with Alvarez & Marsal Real Estate Advisory Services in Los Angeles, and with more than 35 years of experience evaluating, managing and disposing of underperforming real estate assets, will speak at Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" (http://www.PrivateEquityLeadersForum.com), on December 11th, New York City.
Mr. Hollowell brings expertise in various property types such as single family homes, condominiums, commercial office buildings, shopping centers and industrial complexes. Over the course of his career, Mr. Hollowell has represented and served as an adviser to pension funds, financial institutions, developers, owners and debtors in distressed real estate situations. Some of his notable recent assignments include advising one of America's largest pension funds on the performance and integrity of their real estate related investments; directing several restructuring assignments involving troubled condominium, single family residential, hotel condominium, and land development projects; and, participating in the process of establishing loan loss reserves for an $8 billion underperforming construction loan portfolio held by an FDIC insured bank.
Prior to joining A&M, Mr. Hollowell served as Partner-In-Charge with Squar Milner Real Estate Services, GP, a consulting practice of Southern California-based accounting and advisory firm Squar, Milner, Peterson, Miranda & Williamson, LLP. Previously, he was a Partner with Rachlin Cohen and Holtz, a large public accounting and advisory firm in Miami; President of Real Estate Recovery, Inc., an asset management contractor serving the Resolution Trust Corporation (RTC) and Federal Deposit Insurance Corporation (FDIC); and positions with J.E. Robert Companies, G.E. Capital Corporation, Jacobs Visconsi & Jacobs Company and National City Corporation. Mr. Hollowell earned a bachelor's degree in real estate from Florida International University.
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