XSPAND is a subsidiary of JPMorgan Chase & Co. Our firm was established to purchase, finance and collect real estate tax liens for local governments and to provide them with innovative and cost effective asset management solutions designed to accelerate the recognition of much needed budget revenue. Transforming real estate tax liens into revenue on behalf of our government clients is XSPAND's corporate focus. Since its inception our firm has provided over $4 billion in revenue to local governments through our purchasing and financing of these under-exploited assets. Across the country, XSPAND works with large municipalities on $100 million transactions as well as with smaller governments purchasing liens totaling less than $1 million.
XSPAND also has experience in all phases of the collection and disposition of delinquent real estate taxes and has successfully recouped hundreds of millions of dollars on behalf of local government clients across the United States. All members of the management team are experienced leaders with significant public or private sector expertise in managing, collecting, owning and foreclosing tax liens. Furthermore, XSPAND's senior management's broad government background instills in our firm an intense awareness of the sensitivity required when dealing with our clients' constituents
We take great pride in the results we have achieved by working closely with our municipal clients. Our collaborative approach has proven successful in helping municipalities achieve their specific financial objectives. XSPAND goes beyond the role of an outsourced service provider by functioning as an extension of the municipality. As such, we are very sensitive to the need of working with delinquent taxpayers in a positive and helpful manner.