From receiverships and sponsor removals to quiet turnarounds.
Lenders bring us in when a loan goes bad: to serve as or oversee the receiver, stabilize the property, and protect the collateral through resolution.
Investors call us when a sponsor or general partner has to be replaced. We step in quickly, take control of operations and reporting, and keep the asset on track while the partnership is restructured.
Just as often, the work is quieter. A family-owned or smaller sponsor's property has slipped and needs institutional discipline, without losing what made it work in the first place.
Our principals have done both across more than 130 properties in 33 states and Washington, DC. The same approach applies to commercial assets, including retail, office, and mixed-use. Bond brings that experience to a focused, principal-led platform.
Three levels of engagement.
Engagements are scoped by asset or by portfolio. Fees are set per engagement.
Due Diligence
For acquisitions, refinances, and lender reviews.
- Business plan review and underwriting
- Unit walks and exterior inspections
- Lease and file audits
- CapEx planning and completion reports
Advisory
Portfolio-level oversight on a fixed monthly commitment.
- Portfolio analysis
- Recommendations and introductions
- Weekly and monthly data review
- Site visits on request
Asset Management
Owner's-representative oversight at the property level.
- Everything in Advisory
- Weekly calls, cash analysis, and monthly reviews
- Site visits and daily touch points
- Reforecasts, capital planning, and negotiations
Affordable housing.
Tax credit and affordable assets require compliance expertise alongside guidance of normal operating performance. Bond is experienced with affordable nuances and manages relationships with regulatory agencies and affordable owners and managers to improve asset performance.
We provide guidance on new affordable communities, from site acquisition and deal structure through construction, lease-up, and stabilization.
Selected turnarounds.
Three assets repositioned under our team's oversight. Select a property to view monthly occupancy, NOI, and collections for the period of our engagement, and the business plan executed.
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Properties are anonymized. Unit counts are rounded to the nearest 25 and locations shown by metro. Months are counted from the start of our oversight. Occupancy is rounded to the whole percent and NOI is shown per unit per month, rounded to the nearest $5. Start and end figures are three-month averages. Results reflect work led by our team, including at prior firms, and cover the period of our oversight only. Some properties have since sold or changed hands and are no longer under our management.
Leadership.
Moira Concannon, CFA
Moira previously served as Vice President at Drake Real Estate Partners in New York, a value-add real estate private equity fund, where she sourced and oversaw middle-market real estate investments across asset classes nationally. Before Drake, she was an Associate Vice President at CIM Group in Los Angeles and New York, executing acquisitions, financings, and dispositions in excess of $1 billion in value. Earlier, she was an analyst at Pacific Alternative Asset Management Company (PAAMCO), advising public pensions and institutions on hedge fund allocations.
Moira holds the CFA and CAIA designations, an MBA from The Wharton School at the University of Pennsylvania, and a BA from the University of Virginia. She is based in New York.
Lloyd Grosklags
Lloyd's background is in third-party asset management, where he has helped oversee more than 130 properties across 33 states and Washington, DC, including distressed workouts, receiverships, construction management, and management transitions.
Over his career he has worked across more than 100,000 multifamily units and $14 billion in owned and managed assets. He is Chief Operating Officer of Elizabeth Property Group and co-founded Vettor.io, a LIHTC compliance platform.
Lloyd teaches in the Master of Real Estate program at Georgetown University and holds an MS in Real Estate and Infrastructure from The Johns Hopkins University. He is based in Dallas.
Tisha Vaidya
Tisha previously served as Director of Acquisitions, Development, and Capital Markets at Presidium, where she was responsible for the DFW development pipeline and sourcing the full capital stack for all development deals. She launched her career at Starwood Capital focusing on multifamily and hospitality, then joined Vornado Realty Trust's Acquisitions and Capital Markets group, focusing on office and retail acquisitions in New York, Washington, DC, and San Francisco. She has executed acquisitions, financings, and dispositions in excess of $3.5 billion in value.
Tisha holds an MBA from The Wharton School at the University of Pennsylvania and a BBA from Emory University, and is an alum of Leadership Dallas Class of 2019. She is based in Dallas.
Elizabeth Property Group
Elizabeth Property Group is a Dallas-based, 100% woman-owned affordable housing owner, operator, and developer with roughly 3,000 units. EPG has closed 4% LIHTC and tax-exempt bond transactions, acquired general partner interests and portfolios, and is building its first ground-up community in Bastrop, Texas.
As an EPG company, Bond approaches affordable assets as an owner does, with attention to compliance, investor reporting, and long-term asset health.
Engagement inquiries.
For asset management, advisory, or due diligence engagements, contact the firm directly.
lloyd@bondassetmanagement.com