Sheldon L. Stone

Diana Peterson was my representative on a very difficult sale of a retirement property I was selling. I am CRO of a company that had this property in its portfolio, and I was selling it to pay back investors in the company. The property was over 40 years old and was in significant need of cap ex and general upkeep. Additionally, the property was in a blue collar community that was in significant decline due to the loss of manufacturing jobs in and around the community. As a result, the value of the property was in a free fall. Ms. Peterson developed excellent marketing materials and aggressively marketed the property over a period of 60 – 90 days. We received several expressions of interest and three LOI’s. We ended up choosing a buyer who we throught was the best fit, but they were very difficult and demanding. Ms. Peterson worked diligently with the buyer and their representatives to close the transaction, when it appeared on several occasions that it would fall through. The transaction provided a healthy return to the investors. I’m convinced that without Ms. Peterson’s steadfast approach, the buyer would have walked and we would have lost the sale.