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The Commercial Real Estate Receivers Alliance (CRERA) is your premier partner in navigating the transformative landscape of "The Great Reset" in the commercial real estate (CRE) industry. We specialize in connecting commercial real estate professionals who have experience managing distressed assets with attorneys, investors, asset managers, and other stakeholders who are associated with distressed real estate assets. Our experts help clients navigate the unprecedented changes that are occurring in the CRE industry.

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SERVICES

We are a clearinghouse - bringing CRE professionals together with constituents who need expert assistance.

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For Stakeholders Needing Assistance

Our experts excel in managing distressed assets, providing comprehensive solutions tailored to the unique needs of lenders and stakeholders. From strategic planning to efficient execution, we bring unparalleled industry knowledge to every engagement.

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For CRE Professionals Looking to Join the Alliance

In the ever-evolving landscape of commercial real estate (CRE), navigating the challenges associated with "The Great Reset" demands expertise, collaboration, and strategic alliances. At the Commercial Real Estate Receivers Alliance (CRERA), we specialize in connecting CRE professionals with attorneys, investors, asset managers, and other stakeholders who will benefit from your expertise in managing distressed assets.

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Services

THOUGHT LEADERSHIP

CRERA Leaders Host BOMA Pacific Southwest Region Webinar on Managing Distressed Assets

Fasten Your Seatbelts:

Surviving (and Thriving) in the Face of Unprecedented Challenges

(Presentation by Marc Fischer, Dave Hewett and Murray Greene of CRE Receivers Alliance)

In today’s tumultuous CRE market, investors face unprecedented challenges – including liquidity constraints, rising interest rates, falling occupancy rates, and asset pricing dislocations. The pandemic has forever reshaped the CRE terrain. Remote work, empty office spaces, and maturing loans have created a perfect storm. But where there’s turbulence, there’s also potential. Distressed real estate assets are like buried treasure waiting to be unearthed. These undervalued properties offer unique opportunities for savvy investors.

CRERA founding partners Marc Fischer, Murray Greene, and Dave Hewett, recently presented a webinar to provide property and asset managers with strategies to identify, evaluate, and capitalize on distressed assets.

About

CRERA LEADERSHIP

CRERA is overseen by three CRE professionals

Marc Fischer is nationally recognized as an innovative and dynamic commercial real estate (CRE) industry leader. For over 30 years, he has excelled at building and leading large, diverse real estate organizations that serve some of the most discriminating institutional investors. In addition, as an accomplished author, a sought-after speaker, and a talented instructor, Marc thoroughly enjoys igniting a passion in others to become the best and brightest talent in the real estate industry.

Marc holds the following designations:

Real Property Administrator (RPA®) from the BOMI International
Certified Property Manager (CPM®) from the Institute of Real Estate Management (IREM).
Certified Commercial Investment Member (CCIM®) from the CCIM Institute
LEED® Green Associate from the Green Building Certification Institute (GBCI)

He is the author of more than a dozen textbooks and major publications relating to commercial real estate, and he frequently teaches and speaks to audiences around the world about CRE topics.

He is an active member of the Building Owners and Managers Association (BOMA International). He is a Past President of BOMA Baltimore.

In May of 2012, Marc was selected to join the inaugural class of BOMA Fellows, a group of selected individuals who have displayed exemplary and sustained contributions to commercial real estate, the community, and BOMA at all levels – and who have continually answered the call to leadership and service throughout their careers.

Marc was elected to BOMA International’s Executive Committee to the Board of Governors in 2023.

Contact Marc

Email: marc@crera.org

Phone: +1 443.290.6040

Murray Greene founded Greene Commercial Real Estate Group in 2003 and currently serves as its President and Chief Operating Officer. His more than 35 years of experience in commercial real estate includes portfolios and property types that include office, medical, flex, industrial, retail, mixed use, hotel, and multi-family hi-rise residential.

Mr. Greene’s extensive experience also includes construction management and numerous appointments by the courts as a receiver for commercial properties. In 2015, his receivership expertise was requested by the Eleventh Judicial Circuit Court in Miami-Dade County, Florida to develop and teach a training course for the Circuit Judges who were being rotated into the foreclosure division on vetting Real Estate Receivers and the qualification and experience required. Subsequently, Mr. Greene has made this training available to other Circuit Courts in Florida.

Mr. Greene is a Licensed Real Estate Broker in Florida and Georgia. He holds designations as a Real Property
Administrator (RPA) and Systems Maintenance Administrator (SMA) from the Building Owners and Managers Institute (BOMI), and the Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM). He has been a long-time educator for the commercial real estate industry as an instructor of the RPA, FMA and SMA designation programs as well as numerous seminars & workshops including educational sessions at the BOMA International Conference and for both in-person and online for BOMA China. Mr. Greene was also selected to help develop and teach the BOMA Building Re-Tuning (BRT) program.

Mr. Greene is very active in the commercial real estate industry as a member of BOMA (the Building Owners and Managers Association). He is a Past President of BOMA Miami-Dade, BOMA Florida, and BOMA Southern Region and served on the BOMA Fort Lauderdale/Palm Beaches Board of Directors. He has served on numerous BOMA International Committees and served as chair of the Awards Committee and Education Advisory Council. In January 2019, Mr. Greene was selected as the first Chairman of the Board of Managers for the Commercial Real Estate Certification InstituteTM (CRECITM), a partnership of BOMA International and BOMI International. In 2023, Mr. Greene was elected to a second two-year term as BOMA International Secretary/Treasurer.

In May of 2012, Greene was selected to join the inaugural class of BOMA Fellows, a group of selected individuals who have displayed exemplary and sustained contributions to commercial real estate, their profession, the community and BOMA at all levels and have continually answered the call to leadership and service throughout their careers.

Mr. Greene is considered an expert in commercial real estate management and operations. He has testified, as an expert, in civil litigation and in front of State Legislators and Regulatory Agencies. He was profiled in the May 1996 issue of Maintenance Solutions Magazine as their “first” Maintenance Innovator and was also profiled in the May 2004 issue of BOMA.org. He has also written many industry related articles which were published in local, national, and international publications.

Contact Murray

Email: murray@crera.org

Phone: +1 954.983.8509

Dave has 30 plus years of leadership experience in Corporate Facilities, Income Property & Asset Management, Project Management, and consulting. Employers and clients have included institutional, corporate, and private entities. As a strong communicator and leader, Dave has lead teams from a few people to over 100. Strategic planning, organizational planning & development, along with a fucus on communication, teamwork & team building are highly focused skills. During his career oversight of properties have included Strip Retail, Malls, Office, Apartments, Land, Industrial, Distressed Assets, and other Special Purpose properties including military occupied properties with high security clearance levels.

Areas of strength include:

The ability to recruit, train and lead both individuals and teams, including employees, vendors and contractors.
Assessment and understanding of the needs and issues in each situation from multiple viewpoints.
Creating and implementing both the vision and strategy necessary to achieve success.

An expert in Asset Management with over 35 years of leadership experience principally working in Commercial and Corporate Real Estate & Facilities Management.

As a Principal with Trammell Crow/CBRE David served as the Alliance Director for Pacific Gas and Electric, Comerica Bank, and Volkswagen of America. Experience extends to Project and Program Management to include Strategic Planning and Development.

As Director, Western Region Project Management David was responsible for the development and implementation of Asset Management and Project Management services to a broad range of corporate customers across the western United States. Some of the Clients included, Microsoft, PMC-Sierra, Pitney Bowes, California Federal Savings, McKesson, Volkswagen of America plus Special Assignments.

David achieved the following designations during his career: Certified Property Manager (CPM), Real Property Administrator (RPA) Certified Facilities Manager (CFM), Facilities Management Administrator (FMA), Counselor of Real Estate (CRE), Certified Commercial Investment Member (CCIM) and was one of the first ten people in the world to be named a BOMA International Fellow.

Contact Dave

Email: dave@crera.org

Phone: 503.970.9047