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ANNOUNCING RECAP REAL ESTATE ADVISORS AND ON-SITE INSIGHT: A COMPREHENSIVE SOLUTION TO COMPLEX MULTIFAMILY ASSET PROBLEMS

ANNOUNCING RECAP REAL ESTATE ADVISORS AND ON-SITE INSIGHT: A COMPREHENSIVE SOLUTION TO COMPLEX MULTIFAMILY ASSET PROBLEMS|Uncategorized|April 1, 2010

Boston, Massachusetts, April 1, 2010 – CAS Financial Advisory Services, one of the nation’s acknowledged experts in the finance, restructuring, and asset management of multifamily residential properties, announced today that it will be rebranded as Recap Real Estate Advisors, a version of its original name, Recap Advisors. Recap’s capital planning services will be provided by On-Site Insight (OSI), a Recap Real Estate Advisors Company.

Recap Real Estate Advisors remains a CAS Partners company, under the direction of its experienced executive team of David Smith, Todd Trehubenko, and Christopher Hesen. Returning to an enhanced expression of the original company name reflects the market’s awareness of the original Recap and OSI brands.

“Our clients have tremendous loyalty to the Recap and On-Site Insight brands. In making this change, we are listening to the market”, said Todd Trehubenko, the firm’s President. “This will be a very natural transition.”

In 2007, CAS Partners acquired Recap Advisors, and in 2008 Recap in turn acquired On-Site Insight. The combined platform was renamed CAS Financial Advisory Services. Dallas-based CAS Partners is a world-class property and asset management services company that offers owner a wide range of property services through its family of companies, including Riverstone Residential Group, the largest privately-owned third-party residential management company in the United States.

“Even with our name change, we’re committed to growing the service capacity of the overall CAS platform and value proposition”, added CEO David A. Smith. “Our look may be new but we’re the same. Customers and colleagues who knew us as CAS Financial Advisory Services will find that our experience, insight, integrity, and commitment to results are unchanged.”

The company’s flagship capital-planning product, the Green Capital Needs Assessment, will be marketed under the On-Site Insight name, as will its suite of other capital planning services.

About Recap Real Estate Advisors and On-Site Insight

Recap Real Estate Advisors is a Boston-based financial services company that provides solutions to complex multifamily asset problems. It is the financial services and asset management group of CAS Partners. Over the company’s history, Recap has completed transactions on more than 800 properties nationwide, with aggregate property value of more than $2.7 billion. It currently manages $4 billion in multifamily assets. On-Site Insight, a Recap Real Estate Advisors Company, has performed more than 6,000 capital needs assessments. Visit www.recapadvisors.com for more information