GMACCM to Broaden Product Diversity and Service Mix to Strengthen Position As
A One-Stop Financial Resource
WASHINGTON, Dec. 11 /PRNewswire/ -- GMAC Commercial Mortgage Corporation
(GMACCM), a subsidiary of GMAC Financial Services and the nation's largest
commercial mortgage banker, will place greater emphasis next year on expanding
its list of strategic products, business groups and service mix to reinforce
the company's global position as a one-stop commercial finance company.
At the same time GMACCM, whose servicing portfolio has mushroom from
$4 billion to almost $40 billion in less than four years, will continue to
seek out more traditional opportunities for continued growth through
acquisitions while building its competitive strength through diversity.
In announcing GMACCM's strategic shift this morning during the Real Estate
& Real Estate Services Industry: Mergers & Acquisitions Forum at The Westin
Hotel in Washington, D.C., Charles E. Dunleavy, Jr., executive vice president
and chief operating officer, noted that the company will expand the scope of
its lending while continuing to build such specialized service groups as
Equipment Finance, Tenant Services and Asset Management & Appraisal Services.
"The size of our organization, with its critical mass and economies of
scale, and our sophisticated technology combine to give GMACCM a tremendous
competitive advantage," Dunleavy explained. "By expanding our focus and
broadening our mix, we will even further develop the company's growing
worldwide reputation as the unsurpassed one-stop financial resource in the
marketplace."
Dunleavy's comments were directed to an audience that included deal makers
from various aspects of the real estate industry, including commercial real
estate services, lending and financial services, REITs and
operating/management companies.
Starting out as a modest, four-office commercial real estate operation in
1994, GMAC Commercial Mortgage today operates 34 origination offices
throughout the U.S. Headquartered in Horsham, a suburb of Philadelphia, the
diverse lending and servicing specialist employs more than 800 professionals
and support personnel.
News releases and other information about GMACCM, its products and
servicing are available through the Internet at http://www.gmaccm.com.
For GMACCM news releases by fax, call 800-758-5804, ext. 122720.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach, vice president of Public
Relations of GMAC Commercial Mortgage, 215-328-3383
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
122720
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