Receivership

Receivership offers a productive alternative to a court ordered execution sale.

The goal is to improve value by protecting, stabilizing and preserving the asset resulting in an increase in net return.

By engaging a Receiver, Creditors and Debtors both benefit in:

  • Property being marketed to the widest possible audience
  • Property being shown in its best light
  • Property being ‘managed up’ prior to sale
  • Having a greater degree of certainty of receiving Full Market Value
  • Having very little creditor involvement in the management/sale process
  • Preserving the interests of all concerned

Receivership creates a unique need for quick implementation of professional management and marketing skills, often in a degraded or adversarial circumstance. For this we are prepared.

Primary receivership objectives are:

  • Secure the physical asset, accounts, and records to protect the integrity of the asset and income stream
  • Establish management and procedures that protect and preserve the asset

We then provide:

  • Supervision of daily on-going activities of the property
  • Full review of all contractual services
  • Establish relationships with independent outside services
  • Full accounting of all income and expenses
  • Authorization, control and payment of payables, with restructure of payable stream if necessary
  • Understanding of institutional requirements, policies and goals
  • Specific recommendations for extraordinary maintenance requirements
  • Proactive management to establish the confidence of tenants and others
  • Reports tailored to the needs of the court and secured creditors

A specific and sophisticated skill set is necessary in order to navigate the receivership and management process. Every assignment has components of management, deferred maintenance, staff augmentation, occupancy issues, financial concerns, structural and construction factors. We appreciate these complex matters.

Bill Fair and Company has the capability to mobilize the resources necessary for a smooth transition in a cost effective and timely manner for our clients. Past marketing assignments include multi-family housing, industrial warehouse, office property, recreational property and going concern manufacturing facilities.

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800.887.6929
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Our goal at Bill Fair and Company is to obtain the highest price possible for real estate and capital assets. We accomplish this by providing our clients with marketing campaigns and product presentation crafted specifically to promote their individual projects. Our efforts excite serious buyers and end users to prompt response. Our time frame for action is immediate.
478 N. 1950 Road
Lecompton
KS
66050-4124
United States