DALLAS--(BUSINESS WIRE)--Dec 6, 2018--Prescott Group, Inc., a private equity real estate firm, announced that Gerald Casey has joined its Dallas-based firm as managing director, head of acquisition and underwriting for Dyck-O'Neal. Prescott Group, a privately-owned, full-service commercial real estate, asset management, investment and operating company, purchased the Dyck-O'Neal company in 2012.
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Prescott Group Names Gerald Casey to Head of Acquisitions & Underwriting with Company's National Debt Buyer and Loan Servicer, Dyck-O'Neal (Photo: Business Wire)
Dyck-O'Neal, celebrating its 30 th year in business, is a national debt purchaser, asset manager, and servicer of real estate loans with more than $2.4bn in assets under management. The firm specializes in real estate debt acquisitions, resolutions, the recasting of real estate debt and related judgments and deficiencies.
Mr. Casey is in charge of identifying and acquiring assets to grow Dyck-O'Neal's core business line across the non and sub-performing loan market landscape, while expanding the review of commercial loan opportunities.
Mr. Casey reports to Jud Pankey, CEO of Prescott Group, who said, "Gerald has acquired and managed $60 billion UPB of non-performing and non-agency whole loans. We are delighted to leverage his talents and expand the Dyck-O'Neal team, providing an even more competitive product for our existing customers while building new relationships in the private equity arena. With his experience and knowledge, coupled with the top talent of other individuals we are hiring, we are taking Prescott Group to the next level as a real estate investment shop."
Mr. Casey was previously a managing director with Hudson Advisors/Lone Star Funds, where he was responsible for residential, non-performing, whole loan acquisition, and most recently served as managing director of Capital Markets for LoanScorecard™, a leading provider of non-agency loan pricing, automated underwriting and compliance solutions.
"With in-house loan and debt restructuring capabilities matched with proven investment expertise, Prescott now has a distinct competitive advantage being a direct operator of commercial and residential real estate. Because of this combination, Prescott has created a diversified strategy to take advantage of cyclical and counter-cyclical markets," said Mr. Casey. "I am delighted to expand the acquisition capacity and the servicing of commercial and residential deficiency collections as head of Dyck-O'Neal investment opportunities," he added.
Prior to Hudson Advisors, Mr. Casey was portfolio manager at Westport Capital Partners, principal at the Winter Group Trading and chief technology officer at Beach Hill Asset Management. Mr. Casey began his career with Lipper Analytical Services, now Thompson Reuters Lipper and Barron Funds.
Prescott Group, Inc, is a recognized leader in office, mixed-use, transit-oriented developments, and residential projects, as well as a registered investment advisory and servicer of real estate loans. With 90 employees, Prescott is currently comprised of Prescott Realty Group, Dyck-O'Neal, Inc., and Prescott Advisors.
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CONTACT: Cary Broussard, Broussard Global Communications, 214-269-4244
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Prescott Group, Inc.
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PUB: 12/06/2018 08:00 AM/DISC: 12/06/2018 08:01 AM