LOS ANGELES, June 9, 2014 (GLOBE NEWSWIRE) -- Houlihan Lokey, the international investment bank, today announced that Jeffrey Andrews has joined the firm as a Director in Financial Advisory Services (FAS), focusing on valuation of real estate and real estate entities. Mr. Andrews will further enhance the firm's expertise in matters pertaining to real estate including financial reporting, portfolio valuation, transaction opinions, market analysis, and litigation support. He is based in the firm's Los Angeles office.
Mr. Andrews joins from Alvarez & Marsal's Los Angeles office, where he was a Senior Director in the Real Estate Advisory Services group, advising a range of clients on real estate valuation matters. He has more than 15 years of experience in real estate valuation and has advised on some of the largest real estate transactions during that period. His extensive experience includes leading a prior firm's real estate team in reviewing approximately $55 billion in commercial real estate positions as part of a high profile bankruptcy; leading the fairness opinion and purchase price allocation for a $2 billion REIT IPO; and conducting a financial reporting valuation of more than 600 senior housing projects totaling approximately $7 billion for a REIT.
"Jeff's credentials are outstanding, and he significantly strengthens our valuation service offering in the real estate sector," said Karen Miles, Managing Director and Head of the firm's FAS business in Southern California. "We're delighted that he's joining Houlihan Lokey and we are confident that he will be invaluable to our clients, particularly those managing large, complex real estate transactions and valuation issues," she added.
"Houlihan Lokey's longstanding and deep expertise in the valuation of nearly every type of asset has resulted in a practice that is unmatched in the industry," said Mr. Andrews. "I look forward to working with my colleagues in Financial Advisory Services and across the firm's other businesses to maintain the standard of excellence that the firm delivers to its clients," he continued.
Mr. Andrews holds a B.S. in Real Estate from San Diego University. He is also an MAI Designated Member of the Appraisal Institute and a Member of the National Association of Real Estate Investment Trusts.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 global restructuring advisor, the No. 1 M &A fairness opinion advisor for U.S. transactions over the past 10 years, and the No. 1 M &A advisor for U.S. transactions under $3 billion, according to Thomson Reuters. For more information, please visit www.HL.com.
For press inquiries, contact John Gallagher at 212.497.4220.
CONTACT: John T. Gallagher 212.497.4220 email@example.comSource:Houlihan Lokey Howard& Zukin