LOS ANGELES, CA -- Reznick Group, a national leader in accounting, tax and business advisory services, recently announced a new strategic partnership with Palladium Pacific to provide real estate lenders, investors, builders and developers with a solution for REO, workout, and special asset management services.
The strategic alliance is designed to help clients move quickly and efficiently in evaluating their assets and optimizing asset value. Together, Reznick Group and Palladium will offer its innovative Value Optimization Analysis program (VOA) - a concise but comprehensive analysis that compares value and risk data for each liquidation alternative.
Reznick Group can also provide bankruptcy navigation, tax advice, due diligence, strategic planning, forensic and compliance audits, benchmark and milestone tracking, what-if analysis, site maintenance and security, foreclosure and deed-in-lieu processing, special purpose entity reporting and records management, as required.
"This alliance brings together the two key sets of experts needed to successfully provide the full range of financial advisory and workout services to troubled assets or development projects during these volatile economic times," said Scott Farb, Managing Principal of Reznick Group's Los Angeles office and a member of the firm's National commercial real estate Practice. "With Palladium's full range of asset evaluation, management, and liquidation services (including VOA), they are the perfect fit for us."
"Reznick Group brings unparalleled knowledge, skills and resources to bear in optimizing the value of residential and commercial assets anywhere in the United States", said Jim Hibbert, Managing Principal of Palladium Pacific. "Over the past several years we've enjoyed a successful relationship teaming up with Reznick Group in servicing troubled assets, and we look forward to leveraging off of that success in our new joint venture."
About Reznick Group
A national leader in accounting, tax and business advisory services, Reznick Group is ranked among the top 20 public accounting firms in the United States, serving clients from a broad spectrum of industries. Founded in 1977, Reznick Group is headquartered in Bethesda, Md., and maintains two offices in California--in Los Angeles and Sacramento--and eight others in Atlanta, Ga.; Austin, Texas; Baltimore and Bethesda, Md.; Birmingham, Ala.; Charlotte, N.C.; Chicago, Ill.; and Tysons Corner, Va. Reznick Group is a Certified Public Accounting Firm and a Professional Corporation. For more information, please visit http://www.reznickgroup.com/
First Call Analyst:
FCMN Contact:
Source: Reznick Group
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CONTACT: CONTACTS: Clifford Alsberg, Reznick Group, +1-310-843-8204,
cliff.alsberg@reznickgroup.com; or Jim Hibbert, Palladium Pacific,
+1-949-798-6254, jimh@pdpac.com
Web Site: http://www.reznickgroup.com/
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