Lowery Realty Services Formed to Assist Banks and Lenders in Completing and Repositioning Stalled Real Estate Developments

DALLAS--(Business Wire)--
Lowery Realty Services (a subsidiary of Lowery Companies) has been created to
assist banks, lenders and investors in repositioning and recovering stalled or
failing development projects. The firm provides expertise in virtually every
aspect of the development process. Initial services include "as-is" asset
evaluation, condition and marketability assessments, and recovery projections.
Expanded offerings include product design or re-design, construction, and
sellout.

In many cases, after acquiring properties through the foreclosure process,
lenders have been unable to find efficient and financially sound methods for
removing real estate assets from their balance sheets. Lowery Realty Services
will assist owners of real estate with make-ready actions for positioning real
estate assets properly for disposition. With capabilities in all developmental
disciplines, Lowery Realty Services has the expertise to completely assess
projects from every perspective, including financial analysis and project
budgeting; evaluation of project condition, strengths, weaknesses, opportunities
and threats; evaluation of current and potential market conditions; and sales
situation and opportunities. Lowery Realty Services is able to develop branding
and re-branding strategies, market positioning and media strategies in tandem
with their clients, for efficient plan executions. "We have been there and we
understand the realities of today`s market," said John Lowery, CEO. "I`m a
former banker and know firsthand the conditions facing lenders today are unlike
any other time in our history." Lowery`s resume includes experience managing a
bank holding company, a commercial contractor and a large development consortium
with projects totaling over a billion dollars.

Russell Criminger, a senior officer, has had an extensive career in designing,
marketing and selling some of the most exciting and unique communities and
projects in the southeast. Criminger adds, "While there is no question that we
will ultimately recover from this recession, there is no doubt that the market
that emerges will be dramatically different than the one we previously
experienced."

The company, with offices in Dallas, Texas and Chattanooga, Tennessee, offers a
menu of services structured that can be customized to meet their client`s
specific needs. Banks and other lenders or investors who wish to contact the
firm may do so by calling John Lowery - 214-385-5252 or Russell Criminger -
423-304-6112 or go to www.lowerycompanies.com

Lowery Companies
John Lowery, 214-385-5252
or
Russell Criminger, 423-304-6112
www.lowerycompanies.com

Copyright Business Wire 2009