https://chainstoreage.com/distressed-asset-specialists-summit-and-keen-open-new-office-chicago Distressed asset specialists Summit and Keen open new office in Chicago By Al Urbanski - 01/14/2021…
Keen-Summit Capital Partners LLC and Summit Investment Management LLC Announce Opening of a New Chicago Office
David Levy Hired to Oversee Chicago Operations
“The pandemic and the chaos it has wrought in commercial real estate markets has created an urgent need for expertise in real estate workouts, lease restructurings, real estate dispositions (brokerage and auctions), real estate investment banking, and fiduciary service.”
(Chicago – January 11, 2020) – Keen-Summit Capital Partners LLC (Keen) and its parent company, Summit Investment Management LLC (Summit), announced today that they have jointly hired David Levy, CCIM, a leading commercial real estate expert, to open their new joint Chicago office, expanding their growing presence in the Midwest.
Levy, who has a deep bench of experience in distressed assets and structured, sealed bid, and auction sales, joins the team on January 11, 2021. Prior to joining Keen and Summit, he was Vice President of a Chicago-based real estate firm.
“We saw the need for a bigger presence in the Midwest where our business is enjoying tremendous growth,” notes Harold Bordwin, Keen’s Managing Director and Co-Principal. “The pandemic and the chaos it has wrought in commercial real estate markets has created an urgent need for the expertise we offer in real estate workouts, lease restructurings, real estate dispositions (brokerage and auctions), real estate investment banking, and fiduciary services.”
Levy, a Chicago resident, is a Certified Commercial Investment Member (CCIM), the commercial real estate's global standard for professional achievement. In his new role with Keen and with Summit, he will be responsible for all aspects of business development and execution in connection with the company’s distressed debt acquisitions and opportunistic credit transactions, plus real estate brokerage and auction, investment banking, and lease modification and restructuring services.
“Chicagoland is a core market for both Summit and Keen,” notes CJ Burger, Summit’s President & CEO. “With restrictions on travel and meetings affecting businesses, we’re excited to have David in-market to help us to continue to grow and offer our expert services to a wider number of clients.”
At his prior firm, Levy engaged in business development for structured sales (M&A, sale-leaseback, "call-for-offers"), sealed bid sales, and auction processes as a solution for parties nationwide interested in divesting real estate and real estate-based businesses. He also provided financial advisory services with a focus on the gas station and convenience store and franchised restaurant sectors.
"As a seasoned professional in the real estate restructuring industry, I have long admired Keen-Summit for their technical expertise and proven abilities to handle wide-ranging assignments nationwide,” says Levy. “I have similar respect for Summit Investment Management for the solutions they bring to Special Asset professionals and their unique understanding of underlying asset values,” he adds. “I am excited for the opportunity to open the Chicago office and expand both platforms."
David Levy earned his MBA from Miami University, where he also received a BS in Marketing. He holds both the Certified Commercial Investment Member (CCIM) and Certified Auctioneers Institute (CAI) designations, making one of fewer than fifty professionals in the United States to hold both. He is a frequent speaker and moderator on real estate restructuring programs, a member of the Turnaround Management Association Chicago/Midwest Board of Directors, and has held various leadership roles on the American Bankruptcy Institute Real Estate Committee.
He lives in Chicago with his spouse and two children.
About Keen-Summit Capital Partners LLC
Keen-Summit Capital Partners LLC is a real estate brokerage, workout and investment banking firm specializing in special situations, restructurings, bankruptcies and receiverships. Keen-Summit Capital Partners LLC represents property owners, retail and commercial tenants, commercial and industrial businesses, investors, developers, and creditors across various industries. Clients benefit from its reputation for excellence and integrity, extraordinary industry experience, in-depth market knowledge, time-tested business approach, deep industry relationships, workout and bankruptcy expertise, and exceptional execution capabilities. For more information about Keen-Summit Capital Partners, call 646.381.9222 or visit www.keen-summit.com.
About Summit Investment Management LLC
Founded in 2002, Summit Investment Management LLC is a private investment company headquartered in Denver, Colorado. Since its inception, Summit has invested more than $1.8 billion in distressed debt acquisitions, balance sheet restructures of operating companies, special situation capital, bridge loans and joint ventures. Summit’s existing portfolio includes commercial & industrial loans, asset-based loans and cash flow credits, along with a diverse commercial real estate portfolio consisting of hospitality, industrial, multi-family, c-store, retail, warehouse, office, self-storage, golf course, environmentally challenged property, and other esoteric asset classes. For more information about Summit Investment Management, call 720.221.3200 or visit www.summit-investment.com.
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