/24-7PressRelease/ - TAMPA, FL, September 10, 2008 - In an announcement made today by J. Tim Pruban, President of Focus Management Group, Jay Kelley has joined the nationwide business restructuring firm as a Managing Director to broaden its growing consulting practice in the real estate industry and to expand the firm's nationwide support of its clientele.
"We are excited to have Jay lead our efforts in continuing our growing support for the challenging real estate arena," said Pruban. "Jay has an expansive knowledge of the marketplace from the standpoint of both developers and lenders, and his expertise in advising real estate clients and their stakeholders will solidify our firm's restructuring solutions to this sector."
Kelley is a seasoned finance professional with more than 20 years of experience in all aspects of project finance for commercial and residential real estate firms, including cash flow forecasting, valuation modeling, highest and best use analysis and determination of optimal capital structure. He specializes in real estate restructuring, as well as turnaround and rescue plans for businesses with financial difficulties.
Prior to joining Focus Management Group, Kelley served as the Chief Financial Officer for a regional real estate development concern, where he was responsible for all facets of capital management, capital formation, strategic planning and treasury services. He was also instrumental in structuring and restructuring billions of dollars lent to both private and public concerns as Senior Vice President of a leading financial institution's Real Estate Group.
Kelley is based out of Focus Management Group's Tampa, FL office and can be reached at (800) 528-8985 or via e-mail at j.kelley@focusmg.com.
About Focus Management Group
Focus Management Group provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement with a senior-level team of eighty professionals. Headquartered in Tampa, FL, with offices nationwide, the firm provides a full portfolio of services to distressed companies and their stakeholders, including secured lenders and equity sponsors.
Focus Management Group works hand in hand with real estate developers, investors and lenders to develop and execute sophisticated real estate strategies aimed at improving operations, unlocking value or minimizing risk. The company's services to the real estate industry include portfolio management, project management, market feasibility analysis, strategy validation and development, restructuring and refinancing, lien analysis, cash flow management and expert witness testimony.
Focus Management Group offers nationwide capabilities in turnaround management, business restructuring and asset recovery. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Greenwich, Los Angeles and Nashville, Focus Management Group provides turn-key support to stakeholders including secured lenders and equity sponsors. The Company provides a comprehensive array of services including turnaround management, interim management, operational analysis and process improvement, bank and creditor negotiation, asset recovery, recapitalization services and investment bankers to distressed companies.
For additional information about Focus Management Group, please visit http://www.focusmg.com or call 800-528-8985
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