|VETERAN HOMEBUILDER RICK PETERS LAUNCHES FIRM TO GUIDE BANKS, TRUSTEES. LAND OWNERS AND OTHERS THROUGH DISTRESSED REAL ESTATE MARKET
ORANGE COUNTY, Calif. — November, 10, 2008 – Veteran homebuilder and land-development expert Rick Peters has launched a consulting firm to help banks, trustees and other holders of distressed property survive and thrive in today’s volatile world of real estate.
R.E. Peters Company offers its clients expertise and industry connections built over the nearly three decades Peters spent as director of construction for Fieldstone Communities’ California division. Peters is one of the most well-known and widely respected experts on the state’s development scene, having overseen the design, construction, and warranty of more than 12,000 homes.
“I formed R.E. Peters Company to help those associated with distressed properties overcome obstacles, solve problems and find the most productive and value-added path forward for troubled assets and projects,” Peters said. “I have devoted my entire professional life to California’s building industry. Now that industry and its stakeholders face challenging times. So with three decades of industry experience, my company is prepared to share its proven level of expertise with anyone facing critical decisions related to troubled properties throughout the State of California.”
Peters is gearing his firm to focus on problems faced by lending institutions, land owners or court-appointed trustees after taking possession of troubled assets. Those assets could range from large, partially built residential communities, to scattered collections of single-family homes in foreclosure, to incomplete commercial projects such as shopping malls.
California’s real-estate market is being flooded with such assets in the wake of the housing industry collapse and associated credit crunch.
The Peters firm’s services run the gamut from initial site-assessment and cost-to-complete analysis to development services, entitlement and coordination of both horizontal and vertical construction.
Peters’ reputation as a people-oriented, plugged-in executive has earned him across-the-board trust from development industry stakeholders and employees as well as government and utility officials. Rick was a board member for 10 years with the Home Builders Council/Building Industry Association of Southern California and co-managed one of the largest Habitat for Humanity projects to date in Southern California. He is an industry-recognized authority on every aspect of homebuilding, from systems management and purchasing to contractor and customer relations.
“Rick Peters has been one of the most valued and trusted employees of Fieldstone since he originally started working with us in 1982,” said Fieldstone Chairman Peter M. Ochs. “Rick’s knowledge of all the details of the construction and land development business is legendary, as are his people skills both internal and external.”
About R.E. Peters Company, Inc.
R.E. Peters Company, Inc. is a real estate consulting firm based in Southern California that assists banks, land owners, asset managers, trustees and court appointed receivers with assessment and management of distressed real estate assets.
For more information, please call 714-713-1277 or visit our Web site at www.repeterscompany.com