Steven R. Gerbsman, Principal of Gerbsman Partners, announced today that Gerbsman Partners successfully terminated the executory real estate lease for a life science intellectual property company. The venture backed company executed a lease for space in Northern California.
Due to business and market conditions, the company made a strategic decision to terminate its real estate obligation. Faced with potential contingent liabilities the company retained Gerbsman Partners to assist them in the termination of their prohibitive executory real estate lease.
About Gerbsman Partners
Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their intellectual property. Since 2001, Gerbsman Partners has been involved in maximizing value for 100 technology, medical device, life science, solar, fuel cell, cyber security and digital marketing companies and their intellectual property and has restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved in over $ 2.3 billion of financings, restructurings and M&A transactions.
Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington DC, McLean, VA, San Francisco, Orange County, Europe and Israel.
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