A&G Wins ‘Real Estate Restructuring Firm of the Year’ at 13th Annual Turnaround Atlas Awards for Efforts on Behalf of Clients in 2020
NEW YORK, June 29, 2021 / PRNewswire / – For the second year in a row, A&G Real Estate Partners – a consulting firm specializing in nationwide rental restructuring, real estate sales and auctions – was named Real Estate Restructuring Firm of the Year at the 13th Annual Turnaround Atlas Awards . a virtual event from held 23-25 June.
Amendola: “Our work at the negotiating table provided liquidity that was critical to the ongoing strategies of several well-known retail companies, including several that successfully reorganized after Chapter 11 and others seeking to control their occupancy costs.”
Graiser: The professionals and advisors honored by the Global M&A Network “all got into a crisis none of us had ever experienced and we were tasked with finding it out and developing best practices with a special sauce that helped our customers survive . ”
The Global M&A Network program recognized consistent, value-adding transactions completed in 2020 by restructuring, investment and bankruptcy communities as well as individuals and companies from the investment banking, turnaround, professional and advisory sectors.
In addition to the honor for her work in 2020, the Melville, NY-based A&G was also cited during the ceremonies for its real estate advisory services on three “Deal of the Year” transactions: GNC Holdings’ Chapter 11 restructuring and acquisition by Harbin Pharmaceutical Group, which won the cross-border special situation M&A deal – great Category; Chapter 11 Financial Restructuring, Recapitalization, and Capital Investment of Guitar Center by Ares Management Corp., Brigade Capital Management, and The Carlyle Group, which won in the Private Equity Deal-Large Markets category; and Tuesday Morning’s Chapter 11 restructuring, a winner in the Corporate Turnaround-Large category.
“A & G’s Real Estate Restructuring Firm of the Year award recognizes the critical role the company has played in helping healthy and troubled retail, dining, fitness, entertainment and other businesses meet the unique challenges of Mastering Covid-19, “said Shanta Kumari, CEO of the global M&A network. “Your efforts have helped save and generated thousands of stores from closing $ 2.0 billion Savings in usage costs for customers. That was a significant achievement in an extraordinary year. “
During 2020, A&G negotiated 13,500 leases across the country on behalf of 61 clients, reduced rents to 10,450 and secured terminations to 950. Co-presidents Emilio Amendola and Andy Graiser– along with around 35 A&G executives, employees and consultants – worked nights and weekends year-round to achieve these results.
“Our work at the negotiating table provided liquidity that was critical to the ongoing strategies of several big names in retail, including several successfully reorganizing into Chapter 11 and others looking to get their occupancy costs under control,” said Amendola.
He added that the company’s in-depth portfolio reviews helped make critical decisions regarding co-tenants, rental clauses, store closures, and adjusting usage costs to reflect the changed environment. “These reviews enabled our clients to optimize their entire property portfolio over a period of time marked by full, mandatory closings, reopenings, closings and declines in store visits and sales,” said Amendola.
Receiving A & G’s Real Estate Restructuring Firm of the Year award, Graiser told an online audience of bankers, professionals, and advisors, “I’m not sure there is a cluster of people who could have worked more tirelessly than The group of professionals that this call came from. We have all been thrown into a crisis none of us have ever experienced and we have been tasked with figuring it out and developing best practices, we all got through it and came up with a special sauce that has helped us customers survive. I congratulate all of our winners. “
About the Awards: The independently managed Turnaround Atlas Awards honor the best value-adding transactions, outstanding companies, professionals and executives from the global restructuring, bankruptcy and distressed investment community.
About the host: Global M&A Network is a private, women-run media, information and events company. For 13 years the new York-based company has presented the world’s most prestigious M&A Atlas Awards, Turnaround Atlas Awards, Women Leaders & Dealmakers Atlas Awards. For more information, please visit: https://globalmanetwork.com/
About A&G Real Estate Partners
A&G is a team of seasoned commercial real estate experts and subject matter experts who develop strategies to achieve the highest possible value for clients’ properties. Core competencies include reducing usage costs, terminating leases, divestments, property sales, property due diligence, valuations, acquisitions and enabling growth opportunities. With its marketing knowledge, reputation and advanced technology, A&G has advised the country’s best-known retailers and companies in both healthy and difficult situations. The firm’s team has achieved rent reductions and savings in usage costs that are getting closer $ 8 billion on behalf of clients from all real estate industries and sell more than $ 12 billion of real estate and rental contracts that are not part of the core business. A&G was founded in 2012 and is headquartered in Melville, NY For more information, please visit: http://www.agrep.com/
Press contacts for A&G: Jaffe Communications (908-789-0700), Bill Parness, or Elisa Krantz at the [email protected]
For the global M&A network: Raj Kashyap, T: 914-886-3085; [email protected]
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