Commercial Real Estate Restructuring Expert Joins Firm
Revitalization Partners adds Rod Stevens, a seasoned executive who has successfully turned around complex commercial real estate projects on behalf of high net worth individuals, financial institutions, development firms and municipalities, to the Seattle-based corporate advisory firm. He will serve as Senior Director.
During a nearly 40-year career that spans four recessions, Mr. Stevens has specialized in the structuring and restructuring of commercial real estate finance loans. He is well known for his expertise in turnarounds, working with clients to find equitable resolutions to distressed projects.
Among his high-profile successes: resolving thorny legal, political, and environmental issues that cleared the way for Microsoft co-founder Paul Allen’s reuse of a polluted waterfront site as the training center for the Seattle Seahawks.
Mr. Stevens was instrumental in the re-development of Kenmore Village, a town center project that attracted more than $100 million of investment in new office buildings, apartments, restaurants, and public space. He also managed the turnaround of a 180-acre master planned community west of Portland, and the turnaround of a waterfront condominium complex with twin 20-story buildings.
His resume includes tenure as Vice President of Wyse Investments in Portland. There he negotiated and invested capital on behalf of high net worth individuals and the pension funds of the Stoel Rives law firm, Les Schwab Tires, and other regional firms.
The economic disruption caused by the global pandemic has placed numerous real estate projects and portfolios in peril, leaving stakeholders scrambling to mitigate risks. Revitalization Partners principals Al Davis and Bill Lawrence said Mr. Stevens’ experience in advising corporate boards and senior management will help them safety navigate those challenges to stabilize and position their investments for future growth.
About Revitalization Partners
Revitalization Partners specializes in improving the operational and financial results of small and mid-market companies nationwide and abroad. Whether the situation calls for interim management, business valuation or assessment, revitalization, re-engineering or managing through the receivership/bankruptcy process, the firm focuses on finding the best resolution in the shortest amount of time - with the highest possible return.