Field Service Veterans Launch CAP

Marc Insul, former president/COO of Fidelity National Field Services Inc. and Alan Bunker, president/CEO-Spectrum Field Services Inc., recently started a national property preservation company for abandoned and nearly vacant commercial and industrial real estate. Commercial Asset Preservation LLC provides general maintenance and inspection services for commercial REO. Historically, only a small percentage of the commercial properties in the U.S. have defaulted, or become vacant or abandoned. However, the downturn in the economy has caused a sharp decline in commercial occupancy rates, according to Insul. "CAP meets this growing need through securing unprotected buildings, while ensuring that vacant and abandoned properties retain value and do not further deteriorate, become vandalized, or receive citations for their physical condition," he said. CAP's services include boarding/securing, debris/hazard removal, cleaning/janitorial, extermination, winterization, HVAC maintenance, plumbing, electrical, roof maintenance, grounds keeping, parking lot maintenance, graffiti removal, environmental hazard testing/remediation, property inspections/evaluations, and other specialty services designed to meet specific needs for the property.