The Situs Companies Snags Former Workout Specialist of SunAmerica, Steve Hanover.
HOUSTON (December 2, 2009) - The Situs Companies announces the appointment of Steve Hanover as Managing Director of Special Servicing.
In his new role, Steve will be responsible for the day-to-day operations of the Situs Asset Management Special Servicing business in the US, which includes loan restructurings, REO asset management and other CRE advisory assignments and will be reporting directly to Bruce Nelson, Principal.
"We are excited to welcome Steve
to the Situs family.
experience on the principal side of the business compliments our global corporate model of providing high value advisory support and emphasizes our commitment to the life company and balance sheet sector of our industry.
Steve will also interface with Situs' affiliate, Oasis Real Estate Partners, a capital markets and loan advisory business headed by Jeffrey Fastov", said Bruce Nelson, Principal and Head of Situs' Global Asset Management Operations.
Steve previously served as Vice President of SunAmerica Investments, Inc., which is the investment subsidiary of SunAmerica, Inc., a publicly traded insurance company subsequently purchased by AIG where he was responsible for loan workouts and trouble asset resolution.
brings more than 22 years of comprehensive workout experience in restructuring, bankruptcy, foreclosure, litigation, single and bulk commercial real estate mortgage portfolios and real property re-development throughout the U.S.
"The Situs Companies
has had a long history with Steve Hanover
, as they were one of our company's first loan advisory and special servicing clients in the early 1990's.
Hanover earned a Bachelor of Science from the University of Southern California.
holds a Real Estate Broker's License in the State of California, as well as, a California State Architectural License.