Summer Street Advisors



SSA Becomes Full-Service Real Estate Advisor with Expansion into Capital Markets and Asset Management Services 

Westport, CT -- Summer Street Advisors (SSA) has announced a major expansion of its real estate investment service capabilities with the addition of two industry leaders.  Andrew Murray has joined the firm to spearhead a wide array of capital markets services, and John Mahoney leads the firm’s expanded asset management and managed services business.

With these new capabilities SSA now provides a full spectrum of services to institutional and entrepreneurial real estate investors, including: Transaction Management; Capital Markets Advisory & Execution; Asset management & Risk Monitoring; and Managed Services.

“Our clients increasingly look to Summer Street Advisors for a broad range of integrated services, said Jack Mullen, founder and managing director of SSA. “This expansion, centered on the industry-leading expertise of Andy and John, enables us to provide a higher level of service across the board.”

Andrew Murray joins SSA as Managing Director, Capital Markets, brings more than 25 years of experience to CRE debt and equity investment, capital raising, capital markets transaction and structured finance.  Most recently, he served as Managing Director of TIAA Global Asset Management, overseeing a $15+ billion CRE portfolio of debt and equity investments for managed accounts. Previously, he has served in principal and senior executive positions with Land South Group, Ackman Ziff Real Estate Group, O’Connor Capital Group and Lehman Brothers.

John Mahoney joins SSA as Managing Director, Asset Management, after a 28-year career at GE Capital Commercial Real Estate and its affiliates.  His expertise includes portfolio risk monitoring and analysis, investment origination, asset underwriting, structured finance, portfolio asset management and troubled account management. In addition, John served as a senior leader at Storage USA, a GE Capital company that then constituted the second-largest self-storage company in the country.


How SSA Creates Value

An example of how SSA creates value for clients can be seen in a recent asset management assignment involving a garden apartment property with a $65 million defaulted loan. The borrower had diverted lender funds, deferred maintenance and repairs, and declared bankruptcy when SSA was brought in.

The principals at SSA conducted an in-depth analysis of the property’s existing condition and repairs needed to stabilize it; developed a pro forma cash flow analysis and stabilized property value estimate; created a strategic plan to restructure debt with the mezzanine lender; provided oversight of the Receiver and bankruptcy process; and negotiated a debtor-in-possession (DIP) loan to cover operating shortfalls.  As a result of SSA’s involvement, the lender achieves full par recovery of its debt, and disposed of a non-performing asset without the need for a write-off.