Connecting Capital with VALUE ADD
Mount Vernon Asset Management, LLC (MVAM) works with capital providers on the buy side to provide asset management services, underwriting, and acquisition of distressed assets. On the sell side, MVAM provides advisory and brokerage services. Founded in 2005, MVAM specializes in impaired or value-add assets primarily located between Richmond and Atlanta along the I-85 corridor.
WHAT WE OFFER
We at Mount Vernon Asset Management pride ourselves on the straight talk and clean execution we bring to deals. Our approach is to thoroughly understand: what is the asset, what are the problems, what are the liabilities, and how do we mitigate and value add. We use a conservative sales pricing assumption for the exit, taking into account any pertinent market vagaries. We have extensive contacts throughout the real estate industry and work closely with high-quality service providers, contractors, lenders, and equity providers. If you are the owner of or are involved with impaired or value-add property and are looking for capital, or want out, we can help.
Our experience is wide and deep. We serve a diverse client base and have worked with initiatives on both coasts (and in between) ranging from $5 million to more than $66 million on both coasts. From engaging in land assemblage to overseeing the disposition of large portfolio troubled assets, Mount Vernon Asset Management has vast experience with all types of assets in all types of situations.
We've worked on a multitude of fascinating projects and have learned a lot along the way. Our takeaway boils down to three guiding principles:
Expect and deliver straight talk.
Every day counts.
As our work takes us into different communities, we've come to realize that everyone needs a helping hand at some point. We've found we can apply these guiding principles and our real estate expertise in our work to help ensure that there is enough affordable housing for communities (a passion of ours). Our blog, Lessons Learned, discusses our interests and shares what we've learned over the years.
Mount Vernon Asset Management, LLC (MVAM) was founded in 2005 by commercial real estate lender and investor Geoffrey Curme to provide asset management services for third-party commercial real estate investors on both the debt and equity side.
Seeing an opportunity in changing real estate dynamics, MVAM expanded its scope in 2006 to include underwriting and buy-side advisory services. Recent activity includes infill land acquisition and redevelopment advisory.
MVAM prides itself on the extensive relationships it has built with its professional service and capital providers. Our belief, and indeed our standard, is that a no-nonsense, respectful approach, combined with a dash of humor, will —and does— attract top-flight talent and investors. MVAM also works closely with affiliate company Mirador Real Estate Advisors.
Spotting opportunities. Making connections. Providing guidance. Talking straight.
MOUNT VERNON ASSET MANAGEMENT, LLC
Office location: 602 East Morehead Street
Charlotte, N.C. 28202
Mailing address: 1235 East Boulevard, Suite E PMB252
Charlotte, N.C. 28203
Office 704-334-2633 | Mobile 704 578-4601
Monday – Friday: 8AM – 7PM
Saturday: 10AM – 4PM