Silverleaf Advisors formed in 2008, primarily to take advantage of the distressed debt and banking crisis that followed the real estate ‘bubble’ in Florida.
After operating a JV with Lehman Brothers in Europe, Douglas Hannah circled back to his roots in South Florida shortly after the collapse of Bear Stearns to begin pursuing distressed bank notes. Our first office was leased an office from a civil engineering firm that was only occupying 35% of their 16,000 sq. ft. due to the severe pull back in new construction. The real estate market was still in a tailspin and some banks had just begun liquidating their non-performing notes. The marketplace for selling these instruments was untapped and there were very few buyers.
Long on ideas and short on capital, Silverleaf was able to raise capital in one of the most challenging times in the History of the United States. Our first purchase consisted of a debt portfolio consisting of 90 non-performing notes with a unpaid principal balance of $13 million- Silverleaf was born. The following day after the transaction, UPS delivered 16 boxes full of files. After grinding through the files and managing the foreclosure processes, 14 months later, we repaid all the investor equity capital.
Over time, the firm evolved into a broader real estate investment firm and continues to identify new opportunities in a changing environment. Today, the South Florida real estate market has attracted many investors and the values have been steadily increasing.
Our mission is to be a leading boutique real estate investment management & advisory firm by utilizing our talented team to identify the best sources of value and growth in real estate, delivering results with intelligence, energy, focus, perseverance & discipline.
We take great pride in our entrepreneurial philosophy and expertise in finding opportunities were other see none.
