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:
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:
We then provide:
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.