How distressed is your property? Do you know where to start?

Our Distressed Property services put your property on the critical path to recovery — and profitability. We assemble the right team, specific to your needs, and respond immediately. As licensed real estate brokers, licensed contractors, and a licensed security firm, we offer a range of sales, management, receivership, and workout solutions for distressed commercial real estate loans and assets.

Our Distressed Property services deliver through a three-phased approach: 

• Take control. We deftly navigate the most delicate tenant situations. We systematically provide a notice to tenants, offer a customer service hotline, and introduce ourselves face to face – essential steps to maximize recovery and collection of rents. We also mine court records to determine rent court rosters and eviction notices, and where needed, file motions for a new trial.
• Analyze-Stabilize. We understand the cumulative cost of vacancy. We quickly evaluate financial incongruities, survey property conditions, verify vacancies and down units, tally life safety concerns, and update rent rolls to provide the most up-to-date situational needs assessment. We quickly address repairs to move your property toward compliance. We also develop operational plans that include leasing, marketing, advertising, tenant relations, operating cost validation, control and payment, accounting, reporting, and security.
• Exit strategy and plan. Is an exit strategy right for you? We develop an operating plan that helps lenders and asset managers in possession of a property make that determination wisely. We walk you through the pluses and minuses of all available options, such as reposition, disposition, and property leasing, so you can most effectively mitigate loss and, where possible, turn a profit.