RTC Vet Starts Florida Property Manager

Published December 17, 2010, 6:03 p.m. EST

Updated December 17, 2010, 5:03 p.m. EST

1 Min Read

Peter Monroe, the president of the Resolution Trust Corp. Oversight Board in the 1990s, has started a venture to manage troubled Florida commercial properties.

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His partner in the Clearwater, Fla., firm VRM is Joseph Gaynor, a lawyer with a commercial real estate and receivership background.

Besides his stint at the RTC, Monroe was chief operating officer of the Federal Housing Administration in 1989 and 1990.

The RTC resolved and liquidated hundreds of insolvent savings and loans, selling off assets, including commercial real estate, raw land, securities and mortgage affiliates.

Paul Muolo

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