Distressed properties commercial real estate services

Avison Young’s distressed property team has the extensive technical knowledge and expertise to manage, value, lease, market and sell your distressed properties to minimize risk, and maximize proceeds.

From receivership to management, leasing and disposition, corporate and asset strategy to implementation we cover a full-range of services. Our expert appraisers and knowledgeable brokers provide detailed appraisal studies and concise Broker Opinions of Value reports and Broker Pricing Opinions.

Connect with my local distressed properties advisor


Our key service lines to aid in distressed asset situations:

  • Valuation and Advisory Services
  • Business Consulting & Advisory Services
  • Real Estate Management Services
  • Project Management Services
  • Real Estate Consulting & Advisory Services
  • Leasing Strategy & Agency Services
  • Property Tax Appeal
  • Capital Markets, Debt Services, & Investment Sales

Experts in all asset classes, specializing in:

  • Asset and portfolio strategy
  • Accredited appraisal & valuation services
  • Receivership and judicial/court-ordered sale listing services
  • Listing proposals and broker opinions of value
  • Licensed property management services to assist receivers
  • Advisory services for insolvency, workouts and restructuring (businesses, assets/real estate and debt)
  • Expert witness testimony and litigation support in court or arbitration
  • Corporate real estate strategy including workplace, industrial and retail footprint optimization

Structured to support your distressed property, no matter the scope.

Our services are aligned to offer full or partial support of your unique distressed property experience.


01 Understand your asset
Analyze and value distressed property situations and provide solutions to align with your business and real estate needs.

02 Take control and stabilize
Complete property administration, project management and maintenance takeover.

03 Create value
Discover and resolve unknown issues and disputes to better position your asset in the market.

04 Disposition / exit
Strategic disposition and exit strategies to effectively market and sell your assets for maximum value.

Avison Young COVID-19 (Coronavirus) Resource Centre - Global real estate insights and expertise

As this unprecedented situation continues to rapidly evolve, Avison Young's briefing notes are intended to provide our clients with an up-to-date assessment of the impact on the commercial real estate market.


Visit OUR GLOBAL COVID-19 Resource Center

LEARN MORE ABOUT THE Impacts on CANADIAN Commercial Real Estate

Distressed property services news and updates

Bench strength deepens at Avison Young as Chris Chornohos joins Valuation team

Bench strength deepens at Avison Young as Chris Chornohos joins Valuation team May 15, 2024

Newest Calgary Principal will solidify firm’s Alberta valuation business

Toronto, ON – Global commercial real estate advisor Avison Young announces the appointment of Chris Chornohos as Principal and Director, Valuation & Advisory Services in the firm’s Calgary office.

“I’m delighted to welcome Chris to Avison Young as he brings two decades of solid experience from which we can draw,” said Matthew McWatters, Principal, Managing Director & Canadian Leader, Valuation, Advisory & Property Tax Services. “His valuation knowledge coupled with his background in brokerage, investment, and land sales will make him a multi-faceted, sought-after expert on the team – an important combination we endeavour to provide to our clients as a part of our holistic approach.”

Chornohos will be responsible for expanding his network and identifying opportunities across Alberta and the rest of the country, cultivating a vibrant team, and providing valuable mentorship. He will harness cutting-edge technology to deliver comprehensive valuations for our clients across multi-family properties, land & development, and self-storage ventures.

With more than 20 years’ experience, Chornohos has developed a breadth of knowledge of underwriting and valuation for regional and international real estate firms. He has also garnered experience in investment and land sales, having served as Vice President for a major commercial real estate firm, specializing in development, brokerage, investment sales, and land sales for Western Canadian private, institutional, and corporate investors. 

“Over the years, I’ve had the privilege of supporting client needs by putting them first – and I look forward to continuing to do this, backed by a company that shares my perspective and provides a vast network of professionals that I can tap into for counsel and partnership,” said Chornohos. “This is an exciting, new chapter in my career and I’m eager to get going.”

Chornohos holds the designation of AACI, Accredited Appraiser, from the Appraisal Institute of Canada and the designation of MRICS from the Royal Institution of Chartered Surveyors. He has a Bachelor of Science degree specializing in Business Operations from the DeVry Institute of Technology and a Post-Graduate Certificate in Real Property Valuation from the University of British Columbia.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2024 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 13 consecutive years.


Follow Avison Young

Twitter (News) Twitter (Deals) Blog LinkedIn YouTube Instagram

For more information:

Andrea Zviedris [email protected], Media Relations – North America: +1 416.891.7416

Key distressed property services contacts

Mark Fieder

    • Principal
    • President, Canada
    • Corporate Executive

Sheila Botting

    • Principal & President Americas, Professional Services
    • Consulting & Advisory
[email protected]

Neil Lacheur

    • Principal
    • Executive Vice President
    • Real Estate Management Services, Canada
    • Facility Management
    • Property Management
    • Asset Management
[email protected]

James Heaps

    • Executive Vice President
    • Consulting & Advisory
    • Strategic Business Advisory
[email protected]

Brent Kingdon

    • Principal, Practice Leader, Project Management Services
    • Project Management
[email protected]

Amy Erixon

    • Principal
    • President, Global Investment Management
    • Investment Management
[email protected]

Robin White

    • Broker, Principal
    • Capital Markets Group
[email protected]

Norman A. Arychuk

    • Mortgage Broker, Debt Capital Markets Group
    • Capital Markets Group
    • Consulting & Advisory
    • Debt & Equity Finance
[email protected]