Developing Distinction with
Comprehensive Real Estate Service
The Maddox Companies offer a diverse project portfolio comprised of local, regional and national clients. Integrity and intelligence are the key factors that drive the direction of our business partnerships. We serve the southeast from base offices located in Knoxville, Tennessee. Our team has worked throughout the Southeast including Florida, Alabama, Georgia, Tennessee and Kentucky.
Maddox Property Management & Sales, Inc. is a full-service real estate firm offering industrial, office, commercial and retail brokerage, residential development brokerage, property and asset management, and investment sales.
Maddox Construction Company, Inc. and Maddox Development are trustworthy construction and development firms experienced in all facets of construction from land development, custom residential, industrial construction to building repair and restoration.
Maddox Property Management & Sales, Inc., Maddox Construction Company, Inc., and Maddox Development work together seamlessly as Maddox Companies. This forward-thinking approach to development, management and construction gives you a single source for comprehensive property services that is unrivaled in the Southeast.
Maddox Companies Retained To Broker Class A Medical Office Building Investment Sale
Feburary 2, 2016
(Lenoir City, TN) – Steven K. Maddox & Associates, LLC / Keller Williams Commercial has been retained by Town Creek Properties GP to broker the sale of Town Creek Commons, a Class A Medical Office Building on the campus of Fort Loudoun Medical Center in Lenoir City, TN, a growing bedroom community of Knoxville. The asset was constructed in 2010 and has visibility from Exit 81 of Interstate 75.
The building is occupied by Smoky Mountain Pediatric Dentristy, Tennova Healthcare Systems, PhysioTherapy, Advanced Endontics and Tennessee Urology. The adjoining Fort Loudon Medical Center is a community acute care hospital providing 24-hour emergency services, critical care and cardiac observation unit, and surgical capabilities. Hospital-based services include outpatient diagnostic testing, radiology, laboratory, physical and cardiac rehabilitation. Physician specialties available in the clinic include cardiology, orthopedics, gastroenterology, urology, oncology and dermatology. FLMC is a facility of Covenant Health, a comprehensive, community-owned health system operating 9 acute care hospitals in East Tennessee. Covenant has over 10,000 employees and over 1,500 affiliated physicians.
For more information on this Class A, first time to market asset, contact Brandon Clark or Steve Maddox at 865-522-9910
Maddox Companies Poised To Capitalize On CMBS "Wall of Maturities" in 2016
December 27, 2015
(Knoxville, TN) – Where others see turmoil, Steven K. Maddox of Maddox Companies sees opportunity in the so-called "Wall of Maturities" looming over the US Commercial Real Estate market in 2016. The term refers to the over $600 billion in CMBS loans orignated between 2005 and 2007, most of which have 10 year maturities. It is expected that anywhere from 20 percent to 50 percent of maturing loans will face difficulties.
"Many of these loans are secured by properties for positive cash flows and appreciation. Our firm has the track record to reposition these assets to lease. We have the relationships to get deals done, and the experience and resources for effective due diligence and asset management." said Maddox.
Experts predict a multitude of consequences on the horizion as servicers work through the foreclosure process on defaulting loans. While some borrowers may be on the hook due to violation of loan covenants, the opportunities lie with the large number of borrowers holding non-recourse debt at levels that are excessively overlevered based on current asset values. This flood of distressed notes is expected to open up opportunities to buy at distressed prices and reposotion properties for positive cash flow and appreciation. Additionally, traditional capital sources are expected to have limited capacity for the refinance or acqusition of these assets, and will likely have more challenging LTV requirements for borrowers, further compounding the opportunities available to well capitalized buyers.
With these factors in mind, Maddox is positioning his firm to prosper as troubled loans and assets become acquisition targets.
"Our firm is making strategic investments in the resources and relationships needed to underwrite and acquire fundamentally strong properties in winning locations over the next 36 months." said Maddox.