The Heskin Group, Inc. is a national asset management, due diligence and financial sales advisor to government and private entities based in Minneapolis, Minnesota with offices in New York, New York with an affiliated office in Denver, Colorado.   Heskin has provided asset due diligence, valuation, sales advisory, asset management and disposition services to the public and private sectors since 1983.   In January, 1991, Heskin expanded its services to include government sector due diligence and sales advisory projects.   It joined forces with other like entities to service the larger, more geographically dispersed sales advisory, due diligence, asset and underwriting contracts then being issued by the Resolution Trust Corporation (RTC).   Based on significant pre-partnership due diligence, legal planning and more importantly, a commonality of working philosophy, Heskin and its various joint venture contract teams have successfully completed 22 major government contracts in the last nine years, achieving a consistent record of “Outstanding” ratings along the way.  

Since 1991, Heskin has successfully provided the due diligence, sales advisory and disposition of over 45,000 government assets (over $3 billion book value) achieving a consistent record of “Outstanding” ratings.  In the last six years alone, Heskin has provided the due diligence/valuation/sales advisory/sales closing services for 12 Government Sales Initiatives, covering approximately 45,000 assets located nationwide.  

Heskin has served as managing organizational partner of a number of joint venture entities in conducting liquidations and sales of every conceivable asset type pursuant to numerous government contracts including: Towle/Heskin Partners (SAMDA/SAMA’s, Due Diligence/Valuation Projects, Loan Servicing Projects, Eastern Region Underwriting/Bidder Qualification Contract); Heskin/Signet Partners (SAMDA/SAMA, one MASDA); Vargas/Signet-Towle/Heskin Partners (Due Diligence contracts under National RTC Due Diligence Basic Ordering Agreement) and FMS-Towle/Heskin (RTC/FDIC Financial Advisory contracts).   Under all of these contracts, Heskin accurate and timely asset due diligence, valuation and sales expertise expedited results and maximized successful returns on asset disposition.  

The Heskin Group, Inc. was founded in 1983 and incorporated in 1986 as a Subchapter S Corporation in Minnesota by Ellen Higgins (President and majority owner), Steven Cox (Vice President) and Raymond Cunningham (Chief Financial Officer).   Heskin’s first assignment was the valuation, asset management and disposition of a $120 million portfolio of troubled real estate and loans owned by the Amherst H. Wilder Foundation, the tenth largest operating foundation in the country.  

From 1983 through 1990, Heskin’s client base included regional banks (First Bank System – now US Bank, Norwest Bank – now Wells Fargo, e.g.), insurance companies, local government development agencies and private development partners, all with portfolios of troubled real estate assets (ORE and loans).  

In 1991, Heskin won the first of its 15 government contracts for the RTC which culminated in the asset management, due diligence and disposition of approximately 37,000 government assets (ORE, loans, JDC’s, LSFO’s, LSBO’s, servicing rights) ($2.2 billion book value).   In the last six years alone, Heskin provided the due diligence/valuation and sales support services for 12 Government Sales Initiatives covering over 45,000 assets with files located nationwide.  

Heskin’s affiliated entity, Heskin/Signet Partners based in Denver, Colorado, currently provides underwriting, valuation, mortgage restructuring and closing services for HUD’s PAE Mark to Market Program supervised by OMHAR.   Through it's investment entity, headquartered in New York City, Heskin provides mortgage-backed securities analysis/valuation/disposition services to its private-based investment fund clients as well as provides subsidiary asset management services for 38 operating entities with business operations in Minnesota, Nebraska, New York, Virginia, California, Massachusetts and Connecticut.   Prior entities, now sold, conducted business operations in Texas, Florida, Virginia and Louisiana.   On behalf of institutional banking clients, private investment funds and other private partnerships, Heskin provides the gamut of services related to asset management, including asset and sales management, loan servicing, oversight of daily operations, legal qualification, tax and accounting services, tracking and reporting services.