ValStone Partners

Strategic Real Estate Services

ValStone Partners, LLC is a private equity
investment firm that makes and manages direct
investments on behalf of its investors and itself.
ValStone retained Red Rock Global to lead its
effort to determine the value of and create the
disposition strategy for its distress portfolio of
historic properties in Atlanta’s West End. These
properties were the focus of intense community
interest; having suffered from extended
deferred maintenance, vandalism and neglect.
Many of the buildings were historic and highly
visible fixtures in Atlanta’s African American and
educational communities.

Services Provided

• Completed 22 detailed Broker Opinion of Values and a Portfolio Appraisal
• Completed 2 property redevelopment assessments for an Olympic era stadium and gymnasium, as well as a twin tower dormitory facility
• Led negotiation of complex agreement securing a release of several reversionary rights
• Completed thorough highest and best use analysis that became the basis of an adopted disposition strategy

How Red Rock Global Added Value

Red Rock Global used its community and political influence/credibility to discretely
secure critical agreements in one of the Country’s most sensitive bankruptcies of a
historical institution. By regaining control of sensitive reversionary interest,
ValStone is now capable of moving forward with the disposition of over $30M in
assets. These highly contested assets have a cost basis reflective of the risk initially
assumed when they were acquired. Valstone is now poised to achieve outstanding
returns in a relatively short period.