Alvarez & Marsal, an independent global professional services firm, has launched a real estate advisory business in Europe and named Scott Morey as managing director and the head of the practice. Morey was formerly chief operating officer and chief financial officer of one of the largest mixed use and residential real estate developers in West Africa, according to A&M.
Alvarez & Marsal, an independent global professional services firm, has launched a real estate advisory business in Europe and named Scott Morey as managing director and the head of the practice. Morey was formerly chief operating officer and chief financial officer of one of the largest mixed use and residential real estate developers in West Africa, according to A&M.
Michael Camp, head of Alvarez & Marsal's Global Real Estate Advisory Services practice, said: 'The amount of real estate debt coming due over the next few years in Europe and globally is staggering. Scott's leadership in London and his hands-on industry experience will be invaluable as we expand our European real estate presence to assist companies dealing with distressed real estate, as well as to provide transaction advisory, performance improvement and restructuring work for stressed companies.'
Morey has more than 22 years of real estate consulting experience. Earlier in his career, Morey was a senior vice president with Equity Office Properties, one of the largest REITs in the world before it as acquired by Blackstone in 2007, and served as a partner with Ernst & Young Kenneth Leventhal.
Alvarez & Marsal Real Estate Advisory Services advises owners, investors, lenders, and users of real estate throughout the real estate lifecycle. Services range from pre-acquisition due diligence to exit strategies, including real estate asset management, which it is currently providing to Lehman Brothers, among many other entities.